EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance at 0.93879 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.93359 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.93879 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.93879 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93592 – 0.93450 – 0.93475 – 0.93359 – 0.93121 – 0.93011

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji