EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 0.92349 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.91791 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.92349 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.92349 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.92143 – 0.91965 – 0.92349 – 0.91791 – 0.91769 – 0.91986 —
0.92244 – 0.92205 —
65.011309729083 – 57.446483802839 —
– —
0.92143 – 1783357200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –