EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline up.

A bullish movement upwards to the next resistance at 0.94109 is expected.

Caution: A possible counter-trend in the direction of the support line at 0.93599 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.93906 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.94109 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.94109 – 0.94129 – 0.94170 – 0.93599 – 0.93941 – 0.93991 — 55.731471327002 – 59.073071018318 — 73.246673568772 – 73.246673568772 – 75.352323189993 – 70.976753144571

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –