The pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 0.94463 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.94043 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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 | 0.95001 |
| 2nd High | 0.94465 |
| Next High | 0.94463 |
| Current Price | 0.94078 |
| Next Low | 0.94043 |
| 2nd Low | 0.93993 |
| 3rd Low | 0.93347 |
0.94463 – 0.94314 – 0.93641 – 0.94043 – 0.93993 – 0.93347 — 42.769978368191 – 44.063948376225 — 60.980036297641 – 62.780514504652 – 66.537032235762 – 63.212629274335
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –