USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 0.79991 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.79462 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. 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 | 0.80555 |
| 2nd High | 0.80113 |
| Next High | 0.79991 |
| Current Price | 0.79439 |
| Next Low | 0.79462 |
| 2nd Low | 0.79263 |
| 3rd Low | 0.79214 |
0.79991 – 0.79913 – 0.79792 – 0.79462 – 0.79482 – 0.79605 — 41.871207946975 – 42.839082904174 — 72.357723577236 – 82.454602989144 – 61.907891534005 – 71.930934878211
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –