Buy USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 0.85834 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.82689 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.83408 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.85834 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘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).

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Support & Resistance Price Range*
3rd High 0.88483
2nd High 0.86736
Next High 0.85834
Current Price 0.84536
Next Low 0.82689
2nd Low 0.81852
3rd Low 0.80392

0.83408 – 0.82717 – 0.82651 – 0.82689 – 0.81852 – 0.82096

Download USD/CHF Signal Image

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