Also there is a ‘Double bottom chart pattern’ chart formation is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A descending movement downwards to the next support at 0.93629 will persist.
Caution: A possible change in the direction of the resistance zone at 0.94035 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.94035 |
| Current Price | 0.93913 |
| Next Low | 0.93629 |
| 2nd Low | 0.93603 |
| 3rd Low | 0.93363 |
0.94035 – 0.93880 – 0.93762 – 0.93629 – 0.93603 – 0.93608
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji