EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.9306 is considered certain.
Caution: A possible change in the direction of the support level at 0.92932 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.93157 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.9306 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The 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 | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.93075 |
| Next Low | 0.92932 |
| 2nd Low | 0.92912 |
| 3rd Low | 0.92766 |
0.93022 – 0.92931 – 0.9306 – 0.92932 – 0.92912 – 0.92766 —
0.92996 – 0.93053 —
56.030595954915 – 58.386073179559 —
0.92932 – 1767776400 —
0.93022 – 1767727800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –