The pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.79674 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.79109 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Next a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8001 |
| 2nd High | 0.79873 |
| Next High | 0.79674 |
| Current Price | 0.79170 |
| Next Low | 0.79109 |
| 2nd Low | 0.7908 |
| 3rd Low | 0.78815 |
0.79674 – 0.79408 – 0.79411 – 0.79109 – 0.7908 – 0.79169 —
0.79273 – 0.79179 —
38.848639926496 – 36.80355786001 —
– —
0.79674 – 1767627000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –