EUR/CHF – 1H – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline up.

An ascent upwards to the next resistance line at 0.91572 is likely expected.

Caution: A possible change in the direction of the support line at 0.91364 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 0.91453024 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 0.91572 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Morning Doji Star’ candlestick pattern is detected. The chart forms ‘Morning Doji Star’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Morning Doji Star’ heading up is 76% (Bull Market) & 71% (Bear Market).

0.91572 – 0.91756 – 0.91676 – 0.91364 – 0.91451 – 0.91489 —
0.91519 – 0.91553 —
41.370137743284 – 50.54801294447 —
– —
0.91572 – 1778166000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Morning Doji Star – Symmetrical Triangle Chart Pattern – – – – – – – –