EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 0.94062 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 0.93858 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.94102 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.94062 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Additionally a ‘Double top chart pattern’ chart formation is existing. The chart picture shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

0.94062 – 0.94102 – 0.93801 – 0.93858 – 0.93488 – 0.93349

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji