EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.93694 will continue.
Caution: A possible change in the direction of the support level at 0.93423 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Belt Hold’ candle pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94053 |
| 2nd High | 0.93806 |
| Next High | 0.93694 |
| Current Price | 0.93693 |
| Next Low | 0.93423 |
| 2nd Low | 0.93297 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold