The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 0.93598 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.93489 could occur.
Consider stop-loss settings accordingly.
Then a ‘MACD Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD Hidden Bullish Divergence’. chart signal.
Then a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. chart signal.
Then a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish 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 | 0.9363 |
| Next High | 0.93598 |
| Current Price | 0.93592 |
| Next Low | 0.93489 |
| 2nd Low | 0.9334 |
| 3rd Low | 0.93262 |
0.93598 – 0.93466 – 0.93399 – 0.93489 – 0.9334 – 0.93262 —
0.93578 – 0.93598 —
63.546415510752 – 62.719477890922 —
– —
0.93598 – 1764885600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double top chart pattern – – – – – – – –