EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.93829 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.93691 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency 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 | 0.93956 |
| 2nd High | 0.93865 |
| Next High | 0.93829 |
| Current Price | 0.93889 |
| Next Low | 0.93691 |
| 2nd Low | 0.93583 |
| 3rd Low | 0.93535 |
0.93829 – 0.93803 – 0.93717 – 0.93691 – 0.93692 – 0.93583 — 56.628592351273 – 57.192946148754 — 73.325725051175 – 67.919381708009 – 83.660912148494 – 74.598926558504
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –