The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline upwards
An ascending movement upwards to the next resistance at 0.93072 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.91789 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9367 |
| 2nd High | 0.93492 |
| Next High | 0.93072 |
| Current Price | 0.92304 |
| Next Low | 0.91789 |
| 2nd Low | |
| 3rd Low |
0.93072 – 0.93492 – 0.93257 – 0.92536 – 0.92957 – 0.92697 —
0.92867 – 0.92294 —
40.151088195519 – 36.977108441348 —
– —
0.93072 – 1769025600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –