Buy EUR/CHF – 4H – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance line at 0.93530 is considered certain.

Caution: A possible trend reversal in the direction of support at 0.92216 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Tweezers Bottom’ candle pattern is detected. The candles form ‘Tweezers Bottom’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Support & Resistance Price Range*
3rd High 0.95001
2nd High 0.94087
Next High 0.93530
Current Price 0.93137
Next Low 0.92216
2nd Low
3rd Low

0.93530 – 0.94087 – 0.95001 – 0.92216 – 0.93006 – 0.95118

Download EUR/CHF Signal Image

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