EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.92994 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.93379 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94087 |
| 2nd High | 0.93530 |
| Next High | 0.93379 |
| Current Price | 0.93028 |
| Next Low | 0.92994 |
| 2nd Low | 0.92759 |
| 3rd Low | 0.92384 |
0.93379 – 0.93000 – 0.92958 – 0.92994 – 0.92759 – 0.92384
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji