USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
A bullish movement up to the next resistance at 0.78784 will continue.
Caution: A possible change in the direction of the support level at could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79991 |
| 2nd High | 0.79478 |
| Next High | 0.78784 |
| Current Price | 0.79197 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.78784 – 0.79478 – 0.79991 – 0.79462 – 0.79482 – 0.79605 — 53.655533622191 – 55.059756993339 — 35.886418268355 – 28.960474375387 – 35.876375940248 – 37.23600562974
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –