USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
An ascent up to the next resistance at 0.79873 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.79009 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.79873 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.79873 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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 | 0.81016 |
| 2nd High | 0.80853 |
| Next High | 0.79873 |
| Current Price | 0.79743 |
| Next Low | 0.79009 |
| 2nd Low | 0.78551 |
| 3rd Low |
0.79674 – 0.7942 – 0.79873 – 0.79009 – 0.78551 – 0.79255 —
0.79281 – 0.79681 —
51.475010495139 – 61.072316792253 —
– —
0.79674 – 1767614400
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –