EUR/CHF – 4H – BUYAdditionally a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.93990 is expected.
Caution: A possible change in the direction of the support level at 0.93603 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94207 |
| Next High | 0.93990 |
| Current Price | 0.94114 |
| Next Low | 0.93603 |
| 2nd Low | 0.93201 |
| 3rd Low | 0.92926 |
0.93990 – 0.93813 – 0.93906 – 0.93603 – 0.93201 – 0.92926
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji