EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascent up to the next resistance at 0.93694 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.92978 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93831 |
| 2nd High | 0.93766 |
| Next High | 0.93694 |
| Current Price | 0.93229 |
| Next Low | 0.92978 |
| 2nd Low | 0.92750 |
| 3rd Low | 0.92550 |
0.93694 – 0.93766 – 0.93831 – 0.92978 – 0.93225 – 0.93113
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold