EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 0.93862 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.93437 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93999 |
| 2nd High | 0.93886 |
| Next High | 0.93862 |
| Current Price | 0.93647 |
| Next Low | 0.93437 |
| 2nd Low | 0.93390 |
| 3rd Low | 0.93320 |