USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.81467 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82075 |
| 2nd High | 0.81481 |
| Next High | 0.81467 |
| Current Price | 0.81386 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.81467 – 0.81337 – 0.81481 – 0.80886 – 0.81066 – 0.80555
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji