EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance line at 0.9331 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.93118 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD-Hist Bullish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Die Paarung wird wahrscheinlich steigen.

And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.93283 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.9331 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ chart pattern is discovered. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.9331 – 0.93369 – 0.93355 – 0.93118 – 0.93312 – 0.93174 —
0.93275 – 0.93321 —
50.81415312637 – 41.205245719415 —
– —
0.93310 – 1764349200

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