The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.93865 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.93691 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish 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 | 0.93874 |
| Next Low | 0.93691 |
| 2nd Low | 0.93583 |
| 3rd Low | 0.93535 |
0.93829 – 0.93803 – 0.93717 – 0.93691 – 0.93692 – 0.93583 — 53.185636047764 – 54.07087144902 — 56.335450814315 – 66.799989543304 – 48.056621072742 – 58.277003907619
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –