EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.95770 is expected.
Caution: A possible change in the direction of the support zone at 0.95195 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.95497 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.95770 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95828 |
| 2nd High | 0.95784 |
| Next High | 0.95770 |
| Current Price | 0.95619 |
| Next Low | 0.95195 |
| 2nd Low | 0.95168 |
| 3rd Low | 0.95027 |
0.95433 – 0.95497 – 0.95252 – 0.95195 – 0.95168 – 0.95027
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji