EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 0.93673 is certain.
Caution: A possible change in the direction of the support level at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.93593 |
| 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