USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 0.80303 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.79974 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair could go up.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Next a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80303 |
| Current Price | 0.80302 |
| Next Low | 0.79974 |
| 2nd Low | 0.79937 |
| 3rd Low | 0.79263 |
0.80303 – 0.80212 – 0.80762 – 0.79974 – 0.79937 – 0.80096 — 61.66820253977 – 64.289158112921 — 100 – 100 – 96.15740471153 – 98.891024023499
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern – –