EUR/CHF – 1H – BUYBesides a ‘Double bottom chart pattern’ chart pattern is found. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.93990 will continue.
Caution: A possible change in the direction of support at 0.93629 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94369 |
| 2nd High | 0.94207 |
| Next High | 0.93990 |
| Current Price | 0.93981 |
| Next Low | 0.93629 |
| 2nd Low | 0.93603 |
| 3rd Low | 0.93363 |
0.93880 – 0.93967 – 0.93990 – 0.93629 – 0.93603 – 0.93608
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji