EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.94288 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.94288 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94288 |
| Current Price | 0.94171 |
| Next Low | 0.93875 |
| 2nd Low | 0.93629 |
| 3rd Low | 0.93603 |
0.94288 – 0.94035 – 0.93880 – 0.93875 – 0.93629 – 0.93603
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji