The pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.91834 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.91625 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92321 |
| 2nd High | 0.92053 |
| Next High | 0.91834 |
| Current Price | 0.91765 |
| Next Low | 0.91625 |
| 2nd Low | 0.91571 |
| 3rd Low | 0.91516 |
0.91834 – 0.92053 – 0.92321 – 0.91625 – 0.91634 – 0.92234 —
0.91736 – 0.91762 —
39.978041617235 – 44.384539185283 —
– —
0.91834 – 1776729600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –