USD/CHF – 4H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.86736 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.81852 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.85378384 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.86736 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Besides a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency 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).
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88636 |
| 2nd High | 0.88549 |
| Next High | 0.86736 |
| Current Price | 0.84176 |
| Next Low | 0.81852 |
| 2nd Low | 0.80392 |
| 3rd Low |
0.83330 – 0.83346 – 0.82683 – 0.81852 – 0.82054 – 0.81966
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji