The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 0.93465 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.9327 could occur.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93574 |
| 2nd High | 0.93501 |
| Next High | 0.93465 |
| Current Price | 0.93454 |
| Next Low | 0.9327 |
| 2nd Low | 0.93165 |
| 3rd Low | 0.93118 |
0.93442 – 0.93378 – 0.9331 – 0.9327 – 0.93165 – 0.93118 —
0.93440 – 0.93452 —
56.564301161924 – 61.167538540601 —
– —
0.93442 – 1764630000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double top retreat up – – – – – – – –