The pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.80853 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.79556 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator layout 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’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8124 |
| 2nd High | 0.81016 |
| Next High | 0.80853 |
| Current Price | 0.80342 |
| Next Low | 0.79556 |
| 2nd Low | 0.79009 |
| 3rd Low | 0.78551 |
0.80175 – 0.79674 – 0.7942 – 0.79556 – 0.79009 – 0.78551 —
0.80172 – 0.80171 —
65.25817601148 – 56.090573334292 —
– —
0.80175 – 1768176300
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –