EUR/CHF – 30M – BUYAlso there is a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.94132 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.93854 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94190 |
| 2nd High | 0.94172 |
| Next High | 0.94132 |
| Current Price | 0.94124 |
| Next Low | 0.93854 |
| 2nd Low | 0.93540 |
| 3rd Low | 0.93072 |
0.94132 – 0.94172 – 0.94190 – 0.93854 – 0.93967 – 0.93540
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji