The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 0.91572 will persist.
Caution: A possible change in the direction of support at 0.91443 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. 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 | 0.9178 |
| 2nd High | 0.91756 |
| Next High | 0.91572 |
| Current Price | 0.91524 |
| Next Low | 0.91443 |
| 2nd Low | 0.91364 |
| 3rd Low | 0.91168 |
0.91572 – 0.9156 – 0.91756 – 0.91443 – 0.91447 – 0.91364 —
0.91505 – 0.91517 —
41.16897634966 – 49.586725236663 —
– —
0.91572 – 1778166000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –