EUR/CHF – 4H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance at 0.92357 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.91587 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bullish Engulfing’ candle pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.92357 – 0.92628 – 0.92653 – 0.91587 – 0.91941 – 0.91429 —
0.91892 – 0.92071 —
50.284943263861 – 60.064125199257 —
– —
0.92357 – 1776369600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing – – – – – – – – –