USD/CHF – 1H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.

A bearish movement downwards to the next support line at 0.79556 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.80175 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.80175 – 0.79592 – 0.79674 – 0.79556 – 0.79859 – 0.79679 —
0.79794 – 0.79926 —
50.020747070312 – 54.030077151897 —
– —
0.80175 – 1768179600

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –