EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.93673 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93973 |
| 2nd High | 0.93942 |
| Next High | 0.93673 |
| Current Price | 0.93525 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93673 – 0.93942 – 0.93973 – 0.93293 – 0.93605 – 0.93748
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji