EUR/CHF – 4H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 0.93165 is likely expected.
Caution: A possible change in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The 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 | 0.93953 |
| 2nd High | 0.9367 |
| Next High | 0.93165 |
| Current Price | 0.92982 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93165 – 0.93076 – 0.9367 – 0.92697 – 0.92755 – 0.92577 —
0.92944 – 0.93016 —
44.655931473297 – 55.020036726592 —
– —
0.93165 – 1767182400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –