The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascent up to the next resistance at 0.92247 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.92017 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9237 |
| 2nd High | 0.92313 |
| Next High | 0.92247 |
| Current Price | 0.92264 |
| Next Low | 0.92017 |
| 2nd Low | 0.91926 |
| 3rd Low | 0.91791 |
0.92247 – 0.92313 – 0.9237 – 0.92017 – 0.92163 – 0.9216 —
0.92179 – 0.92235 —
55.282306974147 – 63.341241634899 —
– —
0.92247 – 1783645200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –