USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 0.80924 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.79214 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
There is also a ‘Northern Doji’ candle chart pattern is found. The candles show ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81947 |
| 2nd High | 0.81936 |
| Next High | 0.80924 |
| Current Price | 0.80620 |
| Next Low | 0.79214 |
| 2nd Low | 0.79003 |
| 3rd Low | 0.78718 |
0.80924 – 0.80580 – 0.79864 – 0.79214 – 0.79003 – 0.78718 — 52.823650567096 – 53.773806426802 — 27.161484598965 – 49.997158770507 – 18.226475025919 – 28.798537407843
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –