EUR/CHF – 30M – BUY

And also a ‘Double bottom chart pattern’ chart formation is existing. The chart picture shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.

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 0.93880 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.93629 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.93967 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 0.93880 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93880 – 0.93762 – 0.93925 – 0.93629 – 0.93603 – 0.93608

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