EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.93865 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.93691 could happen.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Then a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93956 |
| Next High | 0.93865 |
| Current Price | 0.93864 |
| Next Low | 0.93691 |
| 2nd Low | 0.93583 |
| 3rd Low | 0.93535 |
0.93829 – 0.93803 – 0.93717 – 0.93691 – 0.93692 – 0.93583 — 53.417928232497 – 55.4215005887 — 32.574758135444 – 41.735358149229 – 31.861624157139 – 36.107989509139
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –