EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.93806 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.93072 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94277 |
| 2nd High | 0.94014 |
| Next High | 0.93806 |
| Current Price | 0.93368 |
| Next Low | 0.93072 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93806 – 0.94014 – 0.94277 – 0.93349 – 0.93412 – 0.93504
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji –