USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 0.80762 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.79937 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81936 |
| 2nd High | 0.81036 |
| Next High | 0.80762 |
| Current Price | 0.80532 |
| Next Low | 0.79937 |
| 2nd Low | 0.79214 |
| 3rd Low | 0.79003 |
0.80303 – 0.80762 – 0.80721 – 0.79937 – 0.80253 – 0.8 — 60.879937399725 – 62.563130840233 — 25.896227048663 – 33.297880826044 – 29.900202817961 – 28.457018823924
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –