EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.91215 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.91055 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91448 |
| 2nd High | 0.91363 |
| Next High | 0.91215 |
| Current Price | 0.91387 |
| Next Low | 0.91055 |
| 2nd Low | 0.91037 |
| 3rd Low | 0.90984 |
0.91215 – 0.91363 – 0.91448 – 0.91055 – 0.91037 – 0.91163 —
0.91119 – 0.91279 —
47.208721417733 – 67.704026240229 —
– —
0.91215 – 1771291800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –