The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
An ascent up to the next resistance at 0.92299 will continue.
Caution: A possible reversal of the trend in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92578 |
| 2nd High | 0.92301 |
| Next High | 0.92299 |
| Current Price | 0.92246 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.92299 – 0.92301 – 0.92578 – 0.92135 – 0.91789 – 0.92346 —
0.92264 – 0.92282 —
53.747513499494 – 54.684601858769 —
– —
0.92299 – 1763384400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – –