USD/CHF – 30M – BUYBesides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.79591076 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.79684 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80006 |
| 2nd High | 0.79841 |
| Next High | 0.79684 |
| Current Price | 0.79396 |
| Next Low | 0.78901 |
| 2nd Low | 0.78894 |
| 3rd Low | 0.78782 |
0.79684 – 0.79309 – 0.79202 – 0.78901 – 0.78894 – 0.78782 —
0.79507 – 0.79380 —
50.611014173096 – 36.518780203906 —
– —
0.79684 – 1769031000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Head and Shoulder chart pattern – – – – – – – –