EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 0.93022 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.92766 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93157 |
| 2nd High | 0.9306 |
| Next High | 0.93022 |
| Current Price | 0.93075 |
| Next Low | 0.92766 |
| 2nd Low | 0.92697 |
| 3rd Low | 0.92577 |
0.93022 – 0.9306 – 0.93157 – 0.92766 – 0.92697 – 0.92974 —
0.93011 – 0.92994 —
59.558553688087 – 53.538122569324 —
– —
0.93022 – 1767726000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –