EUR/CHF – 1H – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance at 0.91809 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.91442 could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

And also a ‘MACD-Hist Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.918065 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.91809 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.91809 – 0.9183 – 0.92171 – 0.91442 – 0.91584 – 0.91485 —
0.91647 – 0.91620 —
42.074089746856 – 42.077286293707 —
– —
0.91809 – 1770249900

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – Double bottom chart pattern – – – – – – – –