EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 0.93870 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.93540 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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 | 0.94288 |
| 2nd High | 0.94285 |
| Next High | 0.93870 |
| Current Price | 0.93663 |
| Next Low | 0.93540 |
| 2nd Low | 0.93072 |
| 3rd Low | 0.92926 |
0.93870 – 0.93753 – 0.94285 – 0.93540 – 0.93072 – 0.93915
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji