EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance level at 0.93598 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 0.93525 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93598 – 0.93466 – 0.93399 – 0.93525 – 0.93489 – 0.9334 —
0.93658 – 0.93684 —
50.215814145395 – 58.368869172355 —
– —
0.93598 – 1764885600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double top retreat up – – – – – – – –