EUR/CHF – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards

A bearish descent downwards to the next support at 0.93265 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.93486 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency 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).

0.93486 – 0.93442 – 0.93448 – 0.93265 – 0.93165 – 0.93118 —
0.93367 – 0.93367 —
52.481247649769 – 49.373705549602 —
– —
0.93486 – 1764691200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –