EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 0.9354 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.93286 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle pattern is found. The chart forms ‘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’ 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 | 0.93461 |
| Next Low | 0.93286 |
| 2nd Low | 0.93138 |
| 3rd Low | 0.93059 |
0.9354 – 0.93414 – 0.93954 – 0.93286 – 0.93138 – 0.93184 — 58.056440908148 – 58.341000211237 — 92.839585337181 – 92.839585337181 – 88.505534655053 – 92.013280956694
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –