USD/CHF – 30M – BUY

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 0.79751 will persist.

Caution: A possible trend reversal in the direction of the support zone at 0.79376 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ” indicator signal is detected. The indicator is ”. this is usually a bullish chart scenario. The currency pair is likely to rise.

!

In addition a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.79751 – 0.79661 – 0.79619 – 0.79376 – 0.79513 – 0.78778 —
0.79745 – 0.79712 —
67.662600350971 – 57.682302754514 —
– —
0.79751 – 1763469000

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – –