EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.93865 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.93691 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is found. The candles show ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93956 |
| Next High | 0.93865 |
| Current Price | 0.93861 |
| Next Low | 0.93691 |
| 2nd Low | 0.93583 |
| 3rd Low | 0.93535 |
0.93829 – 0.93803 – 0.93717 – 0.93691 – 0.93692 – 0.93583 — 55.495057708012 – 56.148888314409 — 8.2294083542933 – 3.371187772302 – 18.242650507972 – 10.326068602383
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –