EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.94288 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.93875 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94288 |
| Current Price | 0.94117 |
| Next Low | 0.93875 |
| 2nd Low | 0.93629 |
| 3rd Low | 0.93603 |
0.94288 – 0.94035 – 0.93880 – 0.93875 – 0.93629 – 0.93603
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing