EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.93530 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.92323 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94095 |
| 2nd High | 0.94087 |
| Next High | 0.93530 |
| Current Price | 0.92594 |
| Next Low | 0.92323 |
| 2nd Low | 0.92232 |
| 3rd Low | 0.92216 |
0.93530 – 0.93202 – 0.94087 – 0.92323 – 0.92232 – 0.92216
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji