EUR/CHF – 30M – BUY

Next a ‘Double bottom chart pattern’ chart pattern is found. The formation shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The pair is likely to go up.

The pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 0.94207 will continue.

Caution: A possible change in the direction of the support level at 0.93875 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.94035 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.94207 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.94035 – 0.93880 – 0.93762 – 0.93875 – 0.93629 – 0.93603

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