The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 0.92357 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.91587 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92653 |
| 2nd High | 0.92628 |
| Next High | 0.92357 |
| Current Price | 0.91882 |
| Next Low | 0.91587 |
| 2nd Low | 0.91429 |
| 3rd Low | 0.8988 |
0.92357 – 0.92628 – 0.92653 – 0.91587 – 0.91941 – 0.91429 —
0.91851 – 0.91900 —
45.333903218727 – 46.242926939649 —
– —
0.92357 – 1776369600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –