EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.93539 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.93286 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish 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 | 0.93621 |
| 2nd High | 0.9354 |
| Next High | 0.93539 |
| Current Price | 0.93425 |
| Next Low | 0.93286 |
| 2nd Low | 0.9326 |
| 3rd Low | 0.93237 |
0.93539 – 0.93492 – 0.9354 – 0.93286 – 0.93412 – 0.9326 — 54.279559190558 – 55.90432327198 — 96.288933068257 – 100 – 92.404547076515 – 95.583762382967
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –