EUR/CHF – 4H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.94277 is expected.
Caution: A possible change in the direction of the support zone at 0.93059 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Besides a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94288 |
| Next High | 0.94277 |
| Current Price | 0.94267 |
| Next Low | 0.93059 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.94277 – 0.94224 – 0.94288 – 0.93059 – 0.93325 – 0.93072 — 74.154653128864 – 73.820134393665 — 79.46175072435 – 94.255179274402 – 69.039555436844 – 80.713456561597
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –