EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.93682 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.93503 could happen.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. 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 | 0.93956 |
| 2nd High | 0.93865 |
| Next High | 0.93682 |
| Current Price | 0.93657 |
| Next Low | 0.93503 |
| 2nd Low | 0.93224 |
| 3rd Low | 0.93179 |
0.93682 – 0.93667 – 0.9338 – 0.93503 – 0.93224 – 0.93179 — 41.905291680787 – 49.581228858897 — 25.515146951786 – 49.231985543257 – 32.166252541224 – 35.127040299844
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double top retreat up – –