USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.83346 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86736 |
| 2nd High | 0.85834 |
| Next High | 0.83346 |
| Current Price | 0.82837 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83346 – 0.83110 – 0.82871 – 0.82391 – 0.81969 – 0.80392
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji