EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.93557 is certain.
Caution: A possible change in the direction of the support zone at 0.93356 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Then a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.93557 |
| Current Price | 0.93437 |
| Next Low | 0.93356 |
| 2nd Low | 0.93286 |
| 3rd Low | 0.93138 |
0.93557 – 0.93497 – 0.9354 – 0.93356 – 0.93286 – 0.93138 — 43.725484646197 – 47.445520682608 — 10.390824361931 – 15.256959314775 – 29.414660387485 – 15.969231803434
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –