EUR/CHF – 1H – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards

An ascent upwards to the next resistance line at 0.92306 is likely expected.

Caution: A possible change in the direction of the support line at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.92391796 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.92306 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.92306 – 0.92301 – 0.92289 – 0.9211 – 0.91789 – 0.92324 —
0.92283 – 0.92205 —
53.153543150738 – 47.928721297726 —
– —
0.92306 – 1763416800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double bottom chart pattern – – – –