EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.94314 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.93993 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Tweezers Bottom’ chart pattern is found. The candles show ‘Tweezers Bottom’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94314 |
| Current Price | 0.94081 |
| Next Low | 0.93993 |
| 2nd Low | 0.93393 |
| 3rd Low | 0.93347 |
0.94314 – 0.94283 – 0.93492 – 0.93993 – 0.94037 – 0.93393 — 41.050876278927 – 48.640088824801 — 14.990929055667 – 26.187975428881 – 20.631889408744 – 21.561263354446
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Bottom – – –