EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

An ascent upwards to the next resistance level at 0.91756 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.91451 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. chart scenario.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Next a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart forms ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.91756 – 0.91654 – 0.91676 – 0.91451 – 0.91489 – 0.91489 —
0.91710 – 0.91632 —
57.764781251138 – 45.998703593069 —
– —
0.91756 – 1778068800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –