EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 0.94094 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.93814 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94407 |
| 2nd High | 0.94278 |
| Next High | 0.94094 |
| Current Price | 0.94262 |
| Next Low | 0.93814 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93540 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers