The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.91889 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.91641 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92867 |
| 2nd High | 0.92354 |
| Next High | 0.91889 |
| Current Price | 0.91837 |
| Next Low | 0.91641 |
| 2nd Low | |
| 3rd Low |
0.91889 – 0.92354 – 0.92283 – 0.91641 – 0.92012 – 0.91954 —
0.91889 – 0.91765 —
23.737145616779 – 39.470846866106 —
0.91889 – 1769553000 —
– 1769553000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –