USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance line at 0.79936 is expected.

Caution: A possible trend reversal in the direction of support at 0.79003 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.79736338 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 0.79936 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency 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).

0.79210 – 0.79411 – 0.79433 – 0.79003 – 0.79086 – 0.79114

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double top retreat up