The combination Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.93574 is certain.
Caution: A possible counter-trend in the direction of support at 0.9334 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
In addition a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93725 |
| 2nd High | 0.9363 |
| Next High | 0.93574 |
| Current Price | 0.93577 |
| Next Low | 0.9334 |
| 2nd Low | 0.93262 |
| 3rd Low | 0.93165 |
0.93466 – 0.93399 – 0.93432 – 0.9334 – 0.93262 – 0.93288 —
0.93576 – 0.93565 —
73.622430969774 – 55.457652729351 —
– —
0.93466 – 1764844200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –