The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.93554 will persist.
Caution: A possible change in the direction of the support level at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.93554 |
| Current Price | 0.93494 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93554 – 0.9354 – 0.93954 – 0.93138 – 0.93179 – 0.93599 — 58.755063991744 – 57.258250031992 — 57.433843145569 – 55.927573805109 – 56.748233823787 – 55.034081498876
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –