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 line at 0.94207 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.93875 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94207 |
| Current Price | 0.94286 |
| Next Low | 0.93875 |
| 2nd Low | 0.93629 |
| 3rd Low | 0.93603 |
0.94035 – 0.93880 – 0.93762 – 0.93875 – 0.93629 – 0.93603
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji