USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
A descending movement downwards to the next support at 0.79859 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.80033 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Southern Doji’ chart pattern is detected. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80821 |
| 2nd High | 0.80646 |
| Next High | 0.80033 |
| Current Price | 0.80130 |
| Next Low | 0.79859 |
| 2nd Low | 0.79817 |
| 3rd Low | 0.79679 |
0.80033 – 0.80009 – 0.79995 – 0.79859 – 0.79817 – 0.79679 —
0.80086 – 0.80155 —
63.172836031229 – 65.354652265566 —
– —
0.80033 – 1767951000
Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – – – – – – – – –