EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.93803 is considered certain.
Caution: A possible trend reversal in the direction of the support line at could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
And also a ‘Three Line Strike – Bullish’ candle pattern is detected. The chart forms ‘Three Line Strike – Bullish’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93956 |
| 2nd High | 0.93865 |
| Next High | 0.93803 |
| Current Price | 0.93758 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93803 – 0.93717 – 0.93682 – 0.93583 – 0.93535 – 0.93503 — 48.4649041586 – 53.910394872013 — 30.052353698035 – 36.554416788677 – 35.417868287561 – 34.89211293018
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bullish – – –