EUR/CHF – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.940395 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94369 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94374 |
| Next High | 0.94369 |
| Current Price | 0.93841 |
| Next Low | 0.93614 |
| 2nd Low | 0.93488 |
| 3rd Low | 0.93349 |
0.94369 – 0.94374 – 0.94465 – 0.93614 – 0.93967 – 0.94099
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji