The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.93501 is considered certain.
Caution: A possible change in the direction of the support level at 0.92753 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. 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 | 0.9363 |
| 2nd High | 0.93574 |
| Next High | 0.93501 |
| Current Price | 0.93384 |
| Next Low | 0.92753 |
| 2nd Low | 0.92068 |
| 3rd Low | 0.91789 |
0.93501 – 0.93248 – 0.93048 – 0.92753 – 0.92822 – 0.92068 —
0.93399 – 0.93350 —
53.38211354426 – 51.517366829949 —
– —
0.93501 – 1764079200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –