The pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 0.93259 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.91789 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93725 |
| 2nd High | 0.93311 |
| Next High | 0.93259 |
| Current Price | 0.93054 |
| Next Low | 0.91789 |
| 2nd Low | |
| 3rd Low |
0.93259 – 0.92703 – 0.93103 – 0.91789 – 0.9258 – 0.92373 —
0.92987 – 0.93093 —
66.372938500714 – 65.269777099801 —
– —
0.93259 – 1762516800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –