Buy USD/CHF – 30M – BUY

The combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance at 0.82621 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.82233 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Support & Resistance Price Range*
3rd High 0.82750
2nd High 0.82717
Next High 0.82621
Current Price 0.82782
Next Low 0.82233
2nd Low 0.81852
3rd Low 0.80665

0.82439 – 0.82621 – 0.82717 – 0.82233 – 0.81852 – 0.82096

Download USD/CHF Signal Image

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