EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 0.91832 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.91434 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Advance Block’ candle pattern is found. The candles show ‘Advance Block’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92112 |
| Next High | 0.91832 |
| Current Price | 0.91618 |
| Next Low | 0.91434 |
| 2nd Low | |
| 3rd Low |
0.91832 – 0.92112 – 0.92099 – 0.91434 – 0.91709 – 0.91633 —
0.91530 – 0.91624 —
27.559736078586 – 50.352263174165 —
0.91434 – 1769734800 —
0.91832 – 1769679000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Advance Block – – – – – – – – –