USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 0.79873 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.79438 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.79873 |
| Current Price | 0.79770 |
| Next Low | 0.79438 |
| 2nd Low | 0.79044 |
| 3rd Low | 0.79009 |
0.79592 – 0.79674 – 0.79408 – 0.79438 – 0.79044 – 0.79009 —
0.79623 – 0.79788 —
51.273391266283 – 67.141692327514 —
– —
0.79592 – 1767733200
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –