The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 0.93259 will persist.
Caution: A possible change in the direction of support at 0.92753 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 0.93153 |
| Next Low | 0.92753 |
| 2nd Low | 0.91789 |
| 3rd Low |
0.93259 – 0.92703 – 0.93103 – 0.92753 – 0.91789 – 0.9258 —
0.93093 – 0.93137 —
65.269777165561 – 63.954481286831 —
– —
0.93259 – 1762516800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –