EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
A bullish trend up to the next resistance at 0.9354 is expected.
Caution: A possible change in the direction of support at 0.93138 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘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 | 0.94045 |
| 2nd High | 0.93954 |
| Next High | 0.9354 |
| Current Price | 0.93405 |
| Next Low | 0.93138 |
| 2nd Low | 0.93059 |
| 3rd Low | 0.93011 |
0.9354 – 0.93414 – 0.93954 – 0.93138 – 0.93184 – 0.93535 — 48.604660172172 – 48.742095620094 — 37.905279769996 – 40.856807712401 – 39.286551352365 – 38.880268112449
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –