The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.90544 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.90179 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
Furthermore a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Furthermore a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90544 |
| Current Price | 0.90330 |
| Next Low | 0.90179 |
| 2nd Low | 0.9006 |
| 3rd Low | 0.89803 |
0.90544 – 0.90382 – 0.90279 – 0.90179 – 0.9006 – 0.90087 —
0.90355 – 0.90302 —
27.608399084733 – 34.622473186672 —
– —
0.90544 – 1773379800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –