USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A bearish descent down to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.83330 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86736 |
| 2nd High | 0.83346 |
| Next High | 0.83330 |
| Current Price | 0.83152 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83330 – 0.83346 – 0.82683 – 0.81852 – 0.82054 – 0.81966
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji