The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline upwards
An ascent upwards to the next resistance level at 0.93072 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.91789 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9367 |
| 2nd High | 0.93492 |
| Next High | 0.93072 |
| Current Price | 0.92294 |
| Next Low | 0.91789 |
| 2nd Low | |
| 3rd Low |
0.93072 – 0.93492 – 0.93257 – 0.92536 – 0.92957 – 0.92697 —
0.92842 – 0.92228 —
49.102571853233 – 31.788122487095 —
– —
0.93072 – 1769025600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –