EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline up.
The bullish trend upwards to the next resistance at 0.93455 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.93059 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which 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 | 0.93730 |
| 2nd High | 0.93566 |
| Next High | 0.93455 |
| Current Price | 0.93331 |
| Next Low | 0.93059 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93455 – 0.93566 – 0.93730 – 0.93059 – 0.93349 – 0.93412
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji –