USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.83506 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.83305 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85834 |
| 2nd High | 0.85745 |
| Next High | 0.83506 |
| Current Price | 0.84388 |
| Next Low | 0.83305 |
| 2nd Low | 0.82689 |
| 3rd Low | 0.82314 |
0.83506 – 0.83248 – 0.83408 – 0.83305 – 0.82689 – 0.82986
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji