The combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.93486 will persist.
Caution: A possible change in the direction of the support level at 0.93118 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93725 |
| 2nd High | 0.93501 |
| Next High | 0.93486 |
| Current Price | 0.93577 |
| Next Low | 0.93118 |
| 2nd Low | 0.92753 |
| 3rd Low | 0.91789 |
0.93486 – 0.93501 – 0.93259 – 0.93118 – 0.92753 – 0.91789 —
0.93405 – 0.93558 —
53.192176351246 – 66.054989987001 —
– —
0.93486 – 1764691200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –