The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.85745 is certain.
Caution: A possible change in the direction of the support level at 0.83305 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.83506 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.85745 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.85856 |
2nd High | 0.85834 |
Next High | 0.85745 |
Current Price | 0.84536 |
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