EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.93022 will continue.
Caution: A possible trend reversal in the direction of the support line at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.93157 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.93022 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. 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 | 0.93157 |
| 2nd High | 0.9306 |
| Next High | 0.93022 |
| Current Price | 0.93120 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93022 – 0.92931 – 0.9306 – 0.92932 – 0.92912 – 0.92766 —
0.93154 – 0.93151 —
65.588834978982 – 61.233493036132 —
– —
0.93022 – 1767727800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –