The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.9183 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.91485 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Then a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The candles show ‘Bullish Tri-Star’. 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 ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92171 |
| Next High | 0.9183 |
| Current Price | 0.91733 |
| Next Low | 0.91485 |
| 2nd Low | 0.91451 |
| 3rd Low | 0.91434 |
0.9183 – 0.92171 – 0.91736 – 0.91485 – 0.91809 – 0.91451 —
0.91695 – 0.91751 —
46.039627471379 – 56.1017982482 —
– —
0.9183 – 1770199200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Tri-Star – Double bottom chart pattern – – – – – – – –