USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 0.7942 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.79009 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.79873 |
| Next High | 0.7942 |
| Current Price | 0.79534 |
| Next Low | 0.79009 |
| 2nd Low | 0.78551 |
| 3rd Low |
0.7942 – 0.79873 – 0.79733 – 0.79009 – 0.78551 – 0.79255 —
0.79663 – 0.79395 —
66.600501530056 – 52.397981101909 —
– —
0.79420 – 1767168000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –