USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.82750 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.81852 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.82804 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 0.82750 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Additionally a ‘Northern Doji’ chart pattern is found. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83330 |
| 2nd High | 0.82804 |
| Next High | 0.82750 |
| Current Price | 0.82725 |
| Next Low | 0.81852 |
| 2nd Low | 0.80392 |
| 3rd Low |
0.82717 – 0.82651 – 0.82750 – 0.81852 – 0.82096 – 0.82120
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji