USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.

A bullish trend up to the next resistance at 0.77176 is likely expected.

Caution: A possible change in the direction of the support level at 0.76693 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).

0.77176 – 0.77248 – 0.773 – 0.76693 – 0.76665 – 0.76288 —
0.76880 – 0.76978 —
48.417629693462 – 52.686571856956 —
– —
0.77176 – 1770973200

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –