The pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline up.
A bullish movement up to the next resistance line at 0.93455 will continue.
Caution: A possible change in the direction of support at 0.93059 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 0.93730 |
| 2nd High | 0.93566 |
| Next High | 0.93455 |
| Current Price | 0.93353 |
| Next Low | 0.93059 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93455 – 0.93566 – 0.93730 – 0.93059 – 0.93349 – 0.93412
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji –