The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.9181 is expected.
Caution: A possible change in the direction of the support level at 0.91625 could happen.
Consider stop-loss settings accordingly.
Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.
Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Then a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92321 |
| 2nd High | 0.92053 |
| Next High | 0.9181 |
| Current Price | 0.91667 |
| Next Low | 0.91625 |
| 2nd Low | 0.91516 |
| 3rd Low | 0.91482 |
0.9181 – 0.92053 – 0.92321 – 0.91625 – 0.91634 – 0.92143 —
0.91706 – 0.91681 —
42.719665626573 – 42.888987211425 —
– —
0.9181 – 1776769200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –