EUR/CHF – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 0.94288 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.93875 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94288 |
| Current Price | 0.94214 |
| Next Low | 0.93875 |
| 2nd Low | 0.93629 |
| 3rd Low | 0.93603 |
0.94288 – 0.94035 – 0.93880 – 0.93875 – 0.93629 – 0.93603
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji