EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.93547 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.93363 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The 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 | 0.93557 |
| 2nd High | 0.93554 |
| Next High | 0.93547 |
| Current Price | 0.93509 |
| Next Low | 0.93363 |
| 2nd Low | 0.9321 |
| 3rd Low | 0.93142 |
0.93547 – 0.93506 – 0.93554 – 0.93363 – 0.93397 – 0.9321 — 55.599224239051 – 57.104128539036 — 59.695935865713 – 60.680486799305 – 69.544465330511 – 62.006710418446
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –