EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.94094 is certain.
Caution: A possible change in the direction of the support line at 0.93814 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94407 |
| 2nd High | 0.94278 |
| Next High | 0.94094 |
| Current Price | 0.94205 |
| Next Low | 0.93814 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93540 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up