The pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 0.9231 is certain.
Caution: A possible change in the direction of the support level at 0.92034 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.9231 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.9231 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92867 |
| 2nd High | 0.92663 |
| Next High | 0.9231 |
| Current Price | 0.92357 |
| Next Low | 0.92034 |
| 2nd Low | 0.91901 |
| 3rd Low | 0.91813 |
0.92223 – 0.9231 – 0.92266 – 0.92034 – 0.92086 – 0.92083 —
0.92197 – 0.92322 —
56.225999004883 – 70.826027158687 —
– —
0.92223 – 1775536200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –