EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

A bullish trend upwards to the next resistance level at 0.91448 is likely expected.

Caution: A possible counter-trend in the direction of support at 0.91128 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Tweezers Bottom’ candlestick chart pattern is found. The chart forms ‘Tweezers Bottom’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

0.91448 – 0.91608 – 0.91609 – 0.91128 – 0.91066 – 0.91122 —
0.91184 – 0.91196 —
41.851119903432 – 49.349144259754 —
– —
0.91448 – 1770975000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Bottom – – – – – – – – –