USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance line at 0.80833 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.80262 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern 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).

0.80833 – 0.80813 – 0.81016 – 0.80262 – 0.80415 – 0.80575 —
0.80314 – 0.80363 —
32.410872550526 – 42.123259664 —
0.80262 – 1764216000 —
0.80833 – 1764171000

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –