The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 0.90498 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.89803 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
And also a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. this 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91687 |
| 2nd High | 0.91506 |
| Next High | 0.90498 |
| Current Price | 0.90489 |
| Next Low | 0.89803 |
| 2nd Low | |
| 3rd Low |
0.90498 – 0.91506 – 0.9149 – 0.89803 – 0.90229 – 0.91033 —
0.90467 – 0.90303 —
44.697019089118 – 44.130287136846 —
– —
0.90498 – 1773172800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –