EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.

A bullish movement up to the next resistance line at 0.93880 will continue.

Caution: A possible trend reversal in the direction of support at 0.93603 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.9399 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.93880 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. 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).

0.93880 – 0.93967 – 0.93990 – 0.93603 – 0.93608 – 0.93363

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