EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.93414 is considered certain.
Caution: A possible trend reversal in the direction of support at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93954 |
| Next High | 0.93414 |
| Current Price | 0.93483 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93414 – 0.93954 – 0.93932 – 0.93138 – 0.93184 – 0.93535 — 56.5493525839 – 66.413011055661 — 79.85764901389 – 100 – 70.437191092038 – 84.469946383219
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –