The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 0.91572 is likely expected.
Caution: A possible counter-trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9178 |
| 2nd High | 0.91756 |
| Next High | 0.91572 |
| Current Price | 0.91551 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91572 – 0.9156 – 0.91756 – 0.91443 – 0.91447 – 0.91364 —
0.91534 – 0.91545 —
52.803717075657 – 54.356502061663 —
– —
0.91572 – 1778166000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –