USD/CHF – 30M – SELLThen a ‘Double bottom retreat down’ chart pattern is detected. The chart picture forms ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A descending movement downwards to the next support level at 0.80269 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.80555 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern 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 | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80555 |
| Current Price | 0.80507 |
| Next Low | 0.80269 |
| 2nd Low | 0.79974 |
| 3rd Low | 0.79937 |
0.80555 – 0.80314 – 0.80303 – 0.80269 – 0.79974 – 0.79937 — 60.619608365834 – 53.706129597822 — 64.091371165461 – 51.033506747194 – 62.725321745832 – 60.17593866066
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – –