USD/CHF – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.8229168 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.82631 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83183 |
| 2nd High | 0.82639 |
| Next High | 0.82631 |
| Current Price | 0.82613 |
| Next Low | 0.82137 |
| 2nd Low | 0.81966 |
| 3rd Low | 0.80392 |
0.82631 – 0.82639 – 0.83183 – 0.82137 – 0.82167 – 0.81966
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji