EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascent up to the next resistance level at 0.93666 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.93410 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93666 |
| Current Price | 0.93604 |
| Next Low | 0.93410 |
| 2nd Low | 0.93385 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing