EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.93497 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.93356 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.93539 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.93497 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9354 |
| 2nd High | 0.93539 |
| Next High | 0.93497 |
| Current Price | 0.93539 |
| Next Low | 0.93356 |
| 2nd Low | 0.93286 |
| 3rd Low | 0.9326 |
0.93462 – 0.93497 – 0.93539 – 0.93356 – 0.93363 – 0.93371 — 64.453515521182 – 68.553133537453 — 93.139435081149 – 94.514669163546 – 72.741755097794 – 84.843164794008
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –