EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline up.
An ascending movement up to the next resistance line at 0.94369 will persist.
Caution: A possible reversal of the trend in the direction of support at could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
In addition a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94374 |
| Next High | 0.94369 |
| Current Price | 0.93983 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.94369 – 0.94374 – 0.94465 – 0.93614 – 0.93967 – 0.94099
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold