EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

A bullish movement upwards to the next resistance at 0.93265 will persist.

Caution: A possible change in the direction of the support level at 0.92957 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. 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).

0.93265 – 0.93198 – 0.93178 – 0.92957 – 0.92979 – 0.92992 —
54.968658302202 – 56.963874221312 —
3.1575086353361 – 6.2488113674029 – 12.290987145417 – 7.6239810807262

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Head and Shoulder chart pattern – –