USD/CHF – 4H – BUY

The combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance line at 0.79873 is expected.

Caution: A possible change in the direction of the support zone at 0.79009 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.79873 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.79873 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. 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).

0.79674 – 0.7942 – 0.79873 – 0.79009 – 0.78551 – 0.79255 —
0.79673 – 0.79847 —
61.039369792835 – 66.981447252309 —
– —
0.79674 – 1767614400

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom chart pattern – – – – – – – –