Sell USD/CHF – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The combination US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.81201 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.82344 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 0.82479
2nd High 0.82417
Next High 0.82344
Current Price 0.81668
Next Low 0.81201
2nd Low 0.80886
3rd Low 0.80555

0.81467 – 0.81337 – 0.81481 – 0.81201 – 0.80886 – 0.81066

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