USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.80393 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.79951 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.80621 |
| 2nd High | 0.80528 |
| Next High | 0.80393 |
| Current Price | 0.80383 |
| Next Low | 0.79951 |
| 2nd Low | 0.79914 |
| 3rd Low | 0.79852 |
0.80393 – 0.80528 – 0.80469 – 0.79951 – 0.79914 – 0.79959 —
0.80364 – 0.80367 —
64.140198941986 – 54.461259798163 —
– —
0.80393 – 1764885600
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom chart pattern – – – – – – – –