EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.93539 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.9326 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93621 |
| 2nd High | 0.9354 |
| Next High | 0.93539 |
| Current Price | 0.93399 |
| Next Low | 0.9326 |
| 2nd Low | 0.93237 |
| 3rd Low | 0.93184 |
0.93539 – 0.93492 – 0.9354 – 0.93412 – 0.9326 – 0.93237 — 48.721567661388 – 49.325651212097 — 55.192500518033 – 72.247840144167 – 60.525726145707 – 61.734489046969
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –