Buy USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.

A bearish movement downwards to the next support line at 0.81966 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.82639 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.82656 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.82639 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading 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 0.82363
Next Low 0.81966
2nd Low 0.80665
3rd Low 0.80392

0.82639 – 0.83183 – 0.83119 – 0.81966 – 0.82670 – 0.82663

Download USD/CHF Signal Image

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