USD/CHF – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 0.80799 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.79214 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.8058 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.80799 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.80580 – 0.79864 – 0.79411 – 0.79214 – 0.79003 – 0.78718 — 72.100602902737 – 75.741101279636 — 12.936606772223 – 36.79060665362 – 11.397389968501 – 17.479311871513

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –