EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.90984 is likely expected.
Caution: A possible change in the direction of support at 0.90558 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91304 |
| 2nd High | 0.91274 |
| Next High | 0.90984 |
| Current Price | 0.90690 |
| Next Low | 0.90558 |
| 2nd Low | 0.90229 |
| 3rd Low |
0.90984 – 0.91274 – 0.91304 – 0.90558 – 0.90905 – 0.90229 —
0.90906 – 0.90736 —
50.925089382783 – 40.584499044627 —
– —
0.90984 – 1772625600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –