EUR/CHF – 30M – BUYAdditionally a ‘Double bottom chart pattern’ chart layout is detected. The formation shows ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.94207 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.93629 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94207 |
| Current Price | 0.93998 |
| Next Low | 0.93629 |
| 2nd Low | 0.93603 |
| 3rd Low | 0.93363 |
0.93880 – 0.93762 – 0.93925 – 0.93629 – 0.93603 – 0.93608
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji