EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.92343 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.91948 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Up’ chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92628 |
| 2nd High | 0.92503 |
| Next High | 0.92343 |
| Current Price | 0.92209 |
| Next Low | 0.91948 |
| 2nd Low | 0.91918 |
| 3rd Low | 0.91801 |
0.92343 – 0.92046 – 0.91974 – 0.91948 – 0.92079 – 0.91918 —
0.92159 – 0.92204 —
48.727371738061 – 53.473613597467 —
– —
0.92343 – 1781128800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –