The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.94288 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.93629 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94465 |
2nd High | 0.94369 |
Next High | 0.94288 |
Current Price | 0.94068 |
Next Low | 0.93629 |
2nd Low | 0.93603 |
3rd Low | 0.93363 |
0.94288 – 0.94035 – 0.93880 – 0.93629 – 0.93603 – 0.93608
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji