USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance line at 0.80853 will persist.
Caution: A possible change in the direction of support at 0.80471 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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 | 0.81936 |
| 2nd High | 0.80924 |
| Next High | 0.80853 |
| Current Price | 0.80777 |
| Next Low | 0.80471 |
| 2nd Low | 0.80453 |
| 3rd Low | 0.79214 |
0.80853 – 0.80807 – 0.80695 – 0.80471 – 0.80453 – 0.79214 — 61.733842038663 – 62.264292356793 — 100 – 100 – 99.581708739759 – 100
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Triple bottom chart pattern – –