Buy USD/CHF – 1H – BUY

The 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

Download USD/CHF Signal Image

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