EUR/CHF – 30M – BUY

Besides a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance at 0.93880 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.93603 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.93785 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.93880 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.93880 – 0.93762 – 0.93925 – 0.93603 – 0.93608 – 0.93639

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