EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 0.91808 is expected.
Caution: A possible change in the direction of the support level at 0.91442 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9183 |
| 2nd High | 0.91809 |
| Next High | 0.91808 |
| Current Price | 0.91673 |
| Next Low | 0.91442 |
| 2nd Low | 0.91434 |
| 3rd Low |
0.91808 – 0.91809 – 0.9183 – 0.91442 – 0.91584 – 0.91485 —
0.91781 – 0.91668 —
57.65777282187 – 49.175867259163 —
– —
0.91808 – 1770372000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –