The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.9227 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.92094 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.
There is also a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair could go up.
There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.92202412 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.9227 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bullish Belt Hold’. this 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92343 |
| 2nd High | 0.92281 |
| Next High | 0.9227 |
| Current Price | 0.92159 |
| Next Low | 0.92094 |
| 2nd Low | 0.91948 |
| 3rd Low | 0.91918 |
0.9227 – 0.92253 – 0.9218 – 0.92094 – 0.91948 – 0.92095 —
0.92157 – 0.92147 —
50.053999076621 – 42.883442428539 —
– —
0.9227 – 1781483400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –