EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

An ascending movement upwards to the next resistance line at 0.92839 is expected.

Caution: A possible trend reversal in the direction of support at 0.92716 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.

Next a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.

Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.92965428 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.92839 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which 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).

0.92839 – 0.93003 – 0.93072 – 0.92716 – 0.92727 – 0.92723 —
0.92846 – 0.92807 —
61.217913933248 – 47.742929292748 —
– —
0.92839 – 1769099400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –