EUR/CHF – 30M – BUY

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

A bullish movement up to the next resistance at 0.91565 is expected.

Caution: A possible trend reversal in the direction of the support zone at should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.91655936 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.91565 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.91565 – 0.91572 – 0.9156 – 0.91484 – 0.91332 – 0.91443 —
0.91535 – 0.91558 —
42.824990337682 – 53.759127816988 —
0.91484 – 1778230800 —
0.91565 – 1778220000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –