EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 0.93932 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.93535 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94129 |
| 2nd High | 0.94045 |
| Next High | 0.93932 |
| Current Price | 0.93860 |
| Next Low | 0.93535 |
| 2nd Low | 0.93224 |
| 3rd Low | 0.93179 |
0.93932 – 0.93803 – 0.9381 – 0.93535 – 0.93224 – 0.93179 — 52.552721137342 – 54.643194765524 — 12.580255699171 – 10.512589025981 – 31.431386917724 – 17.609365084762
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –