The combination Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.93245 is considered certain.
Caution: A possible change in the direction of the support line at 0.93011 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 0.93259 |
| 2nd High | 0.93253 |
| Next High | 0.93245 |
| Current Price | 0.93411 |
| Next Low | 0.93011 |
| 2nd Low | 0.92989 |
| 3rd Low | 0.92753 |
0.93245 – 0.92966 – 0.93048 – 0.93011 – 0.92989 – 0.92753 —
0.93254 – 0.93414 —
64.384749790032 – 66.614572235935 —
– —
0.93245 – 1763978400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double bottom chart pattern – – – – – – – –