USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.83346 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85834 |
| 2nd High | 0.85745 |
| Next High | 0.83346 |
| Current Price | 0.82837 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83346 – 0.82880 – 0.83110 – 0.82533 – 0.82391 – 0.81969
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji