EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.93418 will persist.
Caution: A possible counter-trend in the direction of support at 0.92755 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Up’ chart pattern is detected. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93879 |
| 2nd High | 0.93549 |
| Next High | 0.93418 |
| Current Price | 0.93072 |
| Next Low | 0.92755 |
| 2nd Low | 0.92717 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up