USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.79873 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.79679 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.79873 |
| Current Price | 0.79976 |
| Next Low | 0.79679 |
| 2nd Low | 0.79438 |
| 3rd Low | 0.79044 |
0.79592 – 0.79674 – 0.79408 – 0.79679 – 0.79438 – 0.79044 —
0.79952 – 0.79976 —
57.79474466451 – 61.186210807505 —
– —
0.79592 – 1767733200
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –