EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.93742 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.93363 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93831 |
| 2nd High | 0.93766 |
| Next High | 0.93742 |
| Current Price | 0.93792 |
| Next Low | 0.93363 |
| 2nd Low | 0.92978 |
| 3rd Low | 0.92750 |
0.93742 – 0.93586 – 0.93504 – 0.93363 – 0.92978 – 0.93225
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji