USD/CHF – 30M – BUYNext a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a bullish signal. The pair is likely to go up.
The combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 0.81337 will persist.
Caution: A possible reversal of the trend in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82075 |
| 2nd High | 0.81481 |
| Next High | 0.81337 |
| Current Price | 0.81273 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.81337 – 0.81481 – 0.81420 – 0.80886 – 0.81066 – 0.80555
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji