EUR/CHF – 4H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.93879 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.92978 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.93948 |
| Next High | 0.93879 |
| Current Price | 0.93450 |
| Next Low | 0.92978 |
| 2nd Low | 0.92750 |
| 3rd Low | 0.92216 |
0.93879 – 0.93948 – 0.94465 – 0.92978 – 0.93293 – 0.92750
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji