The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 0.90498 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.89803 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90498 |
| Current Price | 0.90389 |
| Next Low | 0.89803 |
| 2nd Low | |
| 3rd Low |
0.90498 – 0.90469 – 0.90707 – 0.89803 – 0.89831 – 0.90528 —
0.90469 – 0.90430 —
60.238664378577 – 51.274136665733 —
– —
0.90498 – 1773176400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –