EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 0.92753 will persist.
Caution: A possible change in the direction of the support zone at 0.92673 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Three Line Strike – Bullish’ candlestick chart pattern is detected. The chart forms ‘Three Line Strike – Bullish’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93027 |
| 2nd High | 0.93021 |
| Next High | 0.92753 |
| Current Price | 0.92748 |
| Next Low | 0.92673 |
| 2nd Low | 0.92584 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bullish