The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.78474 will continue.
Caution: A possible reversal of the trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. 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 | 0.79247 |
| 2nd High | 0.79229 |
| Next High | 0.78474 |
| Current Price | 0.78438 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.78474 – 0.78468 – 0.78183 – 0.78198 – 0.77994 – 0.7783 —
0.78429 – 0.78405 —
59.670535654491 – 57.475484599712 —
– —
0.78474 – 1777923000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –