EUR/CHF – 1H – BUYFurthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.93834004 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.93880 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93990 |
| 2nd High | 0.93967 |
| Next High | 0.93880 |
| Current Price | 0.93745 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93880 – 0.93967 – 0.93990 – 0.93603 – 0.93608 – 0.93363
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji