The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.91572 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.91332 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9178 |
| 2nd High | 0.91756 |
| Next High | 0.91572 |
| Current Price | 0.91542 |
| Next Low | 0.91332 |
| 2nd Low | 0.91168 |
| 3rd Low | 0.9086 |
0.91572 – 0.91756 – 0.91676 – 0.91332 – 0.91364 – 0.91451 —
0.91563 – 0.91534 —
50.909515978494 – 46.610980196565 —
– —
0.91572 – 1778166000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –