The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.90768 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.90558 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
Besides a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91274 |
| 2nd High | 0.90984 |
| Next High | 0.90768 |
| Current Price | 0.90629 |
| Next Low | 0.90558 |
| 2nd Low | 0.90332 |
| 3rd Low | 0.90229 |
0.90768 – 0.90984 – 0.90875 – 0.90558 – 0.90663 – 0.90905 —
0.90579 – 0.90601 —
32.697116761596 – 47.712874123984 —
– —
0.90768 – 1772668800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –