USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at will continue.
Caution: A possible change in the direction of resistance at 0.82639 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83346 |
| 2nd High | 0.83183 |
| Next High | 0.82639 |
| Current Price | 0.82367 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.82639 – 0.83183 – 0.83119 – 0.82167 – 0.81966 – 0.82670
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji