EUR/CHF – 4H – BUYThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at will persist.
Caution: A possible change in the direction of the resistance zone at 0.94465 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The 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 | 0.96320 |
| 2nd High | 0.95001 |
| Next High | 0.94465 |
| Current Price | 0.93393 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.94465 – 0.93379 – 0.93530 – 0.93293 – 0.92750 – 0.92216
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji