USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline upwards
A bullish movement upwards to the next resistance level at 0.80113 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.79263 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is discovered. The candles form ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80762 |
| 2nd High | 0.80555 |
| Next High | 0.80113 |
| Current Price | 0.79427 |
| Next Low | 0.79263 |
| 2nd Low | 0.79214 |
| 3rd Low | 0.79003 |
0.80113 – 0.80555 – 0.80314 – 0.79558 – 0.80269 – 0.79974 — 36.729523035744 – 36.871869062476 — 63.294576189538 – 89.695417022488 – 38.264468238849 – 62.066901691154
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –