USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.79936 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.79147 could occur.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.78865 |
| Next Low | 0.79147 |
| 2nd Low | |
| 3rd Low |
0.79936 – 0.80074 – 0.80178 – 0.79147 – 0.79811 – 0.79574
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji –