USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.83330 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.82054 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading 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 | 0.83107 |
| Next Low | 0.82054 |
| 2nd Low | 0.81966 |
| 3rd Low | 0.80392 |
0.83330 – 0.83346 – 0.82683 – 0.82054 – 0.81966 – 0.80392
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji