EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.93450 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93879 |
| 2nd High | 0.93475 |
| Next High | 0.93450 |
| Current Price | 0.93450 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93450 – 0.93475 – 0.93879 – 0.93121 – 0.93011 – 0.92978
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji