USD/CHF – 1H – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline up.

An ascending movement upwards to the next resistance at 0.80833 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.806845 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.80833 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish 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).

0.80833 – 0.81016 – 0.80984 – 0.80415 – 0.80575 – 0.80603 —
0.80347 – 0.80525 —
30.286750165753 – 51.057539569312 —
– —
0.80833 – 1764169200

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