EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.90717 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.90528 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91274 |
| 2nd High | 0.90984 |
| Next High | 0.90717 |
| Current Price | 0.90672 |
| Next Low | 0.90528 |
| 2nd Low | 0.90229 |
| 3rd Low |
0.90717 – 0.90984 – 0.91274 – 0.90528 – 0.90558 – 0.90905 —
0.90614 – 0.90667 —
45.071736638112 – 52.78375749559 —
– —
0.90717 – 1772708400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –