The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.94176 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.93483 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.9381 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.94176 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.94423 |
Next High | 0.94176 |
Current Price | 0.93958 |
Next Low | 0.93483 |
2nd Low | 0.93057 |
3rd Low | 0.92859 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up