EUR/CHF – 30M – BUYNext a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.93245 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.93245 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93245 |
| Current Price | 0.93231 |
| Next Low | 0.92989 |
| 2nd Low | 0.92753 |
| 3rd Low | 0.92544 |
0.93245 – 0.92966 – 0.93048 – 0.92989 – 0.92753 – 0.92829 —
0.93245 – 0.93173 —
68.155224188659 – 58.804503476854 —
0.93245 – 1763978400 —
– 1763978400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –