EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.9354 is expected.
Caution: A possible trend reversal in the direction of support at 0.93286 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93954 |
| Next High | 0.9354 |
| Current Price | 0.93415 |
| Next Low | 0.93286 |
| 2nd Low | 0.93138 |
| 3rd Low | 0.93059 |
0.9354 – 0.93414 – 0.93954 – 0.93286 – 0.93138 – 0.93184 — 48.378139494989 – 48.758777957069 — 13.706988701895 – 3.8415255021753 – 32.136600313302 – 14.907123983735
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –