EUR/CHF – 1H – BUYFurthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.9399 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93967 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94207 |
| 2nd High | 0.93990 |
| Next High | 0.93967 |
| Current Price | 0.93843 |
| Next Low | 0.93603 |
| 2nd Low | 0.93363 |
| 3rd Low | 0.93329 |
0.93967 – 0.93990 – 0.93799 – 0.93603 – 0.93608 – 0.93363
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji