The combination Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.9306 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.92766 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.92955 |
| Next Low | 0.92766 |
| 2nd Low | 0.92697 |
| 3rd Low | 0.92577 |
0.9306 – 0.93157 – 0.93165 – 0.92766 – 0.92697 – 0.92974 —
0.92874 – 0.92887 —
54.209335593161 – 50.766760145859 —
– —
0.93060 – 1767614400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double top chart pattern – – – – – – – –