Buy USD/CHF – 30M – BUY

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

Download USD/CHF Signal Image

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