EUR/CHF – 1H – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 0.92503 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.91918 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.92046 – 0.91974 – 0.91905 – 0.91918 – 0.91801 – 0.91429 —
0.92096 – 0.92168 —
59.833209509247 – 64.837181294043 —
– —
0.92046 – 1780941600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –