The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.93108 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.92544 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93259 |
| 2nd High | 0.93253 |
| Next High | 0.93108 |
| Current Price | 0.92941 |
| Next Low | 0.92544 |
| 2nd Low | 0.92068 |
| 3rd Low | 0.91789 |
0.92693 – 0.92306 – 0.92299 – 0.92544 – 0.92068 – 0.92209 —
0.92903 – 0.92881 —
74.118659578062 – 55.779933321013 —
– —
0.92693 – 1763524800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – –