EUR/CHF – 30M – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

An ascending movement upwards to the next resistance level at 0.90544 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Tweezers Bottom’ candlestick pattern is detected. The candles form ‘Tweezers Bottom’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

0.90544 – 0.90382 – 0.90279 – 0.90215 – 0.90179 – 0.9006 —
0.90364 – 0.90362 —
44.842714071491 – 49.937882461447 —
– —
0.90544 – 1773379800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Bottom – Rising Wedge Chart Pattern – – – – – – – –