EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline upwards

A bullish movement upwards to the next resistance line at 0.91676 is considered certain.

Caution: A possible change in the direction of the support level at 0.91547 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘MACD Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘MACD-Hist Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD-Hist Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Die Paarung wird wahrscheinlich steigen.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.916055 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.91676 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.91676 – 0.91675 – 0.9178 – 0.91576 – 0.91596 – 0.91547 —
0.91619 – 0.91586 —
49.377928216265 – 31.070073517412 —
– —
0.91676 – 1777973400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –