EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 0.93879 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.93385 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93973 |
| 2nd High | 0.93948 |
| Next High | 0.93879 |
| Current Price | 0.93873 |
| Next Low | 0.93385 |
| 2nd Low | 0.93359 |
| 3rd Low | 0.93121 |
0.93748 – 0.93592 – 0.93450 – 0.93385 – 0.93359 – 0.93121
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji