USD/CHF – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.797655 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.80126 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.80126 – 0.80059 – 0.79954 – 0.79405 – 0.79724 – 0.79647 —
0.79674 – 0.79643 —
48.973741782267 – 48.407186408388 —
– —
0.80126 – 1781208000

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –