Buy EUR/CHF – 30M – BUY

The 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

Download EUR/CHF Signal Image

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