EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.93717 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.93583 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern 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 | 0.93956 |
| 2nd High | 0.93865 |
| Next High | 0.93717 |
| Current Price | 0.93731 |
| Next Low | 0.93583 |
| 2nd Low | 0.93535 |
| 3rd Low | 0.93503 |
0.93717 – 0.93682 – 0.93667 – 0.93583 – 0.93535 – 0.93503 — 56.574227923732 – 61.259353948168 — 36.040609137056 – 69.373942470389 – 22.056407015284 – 40.610831821235
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –