EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.93157 is considered certain.
Caution: A possible change in the direction of the support level at 0.92766 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93238 |
| 2nd High | 0.93165 |
| Next High | 0.93157 |
| Current Price | 0.93145 |
| Next Low | 0.92766 |
| 2nd Low | 0.92697 |
| 3rd Low | 0.92577 |
0.93022 – 0.9306 – 0.93157 – 0.92766 – 0.92697 – 0.92974 —
0.93094 – 0.93151 —
54.599637063934 – 62.85415436175 —
– —
0.93022 – 1767726000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –