USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance at 0.80927 is likely expected.

Caution: A possible change in the direction of the support level at 0.80309 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.80927 – 0.80853 – 0.80807 – 0.80309 – 0.80471 – 0.80453 — 46.413377737081 – 47.084932199977 — 90.99995764686 – 100 – 77.117539376656 – 89.664892540671

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – –