There is also a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish signal. The pair is likely to go up.
The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.81337 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.
There is also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.82344 |
2nd High | 0.81481 |
Next High | 0.81337 |
Current Price | 0.81463 |
Next Low | |
2nd Low | |
3rd Low |
0.81337 – 0.81481 – 0.82344 – 0.81066 – 0.80555 – 0.81846
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji