USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline up.
The bullish trend up to the next resistance level at 0.79936 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.78718 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Additionally a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.80178 |
| 2nd High | 0.80074 |
| Next High | 0.79936 |
| Current Price | 0.79243 |
| Next Low | 0.78718 |
| 2nd Low | |
| 3rd Low |
0.79936 – 0.80074 – 0.80178 – 0.78718 – 0.79147 – 0.79811
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern