EUR/CHF – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.91972 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.9181 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92321 |
| 2nd High | 0.92053 |
| Next High | 0.9181 |
| Current Price | 0.91808 |
| Next Low | 0.917 |
| 2nd Low | 0.91587 |
| 3rd Low | 0.91516 |
0.9181 – 0.92053 – 0.92321 – 0.917 – 0.91587 – 0.91625 —
0.91894 – 0.91854 —
59.120536153277 – 50.586945885868 —
– —
0.9181 – 1776769200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –