The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 0.92245 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.9197 could occur.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Next a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92295 |
| 2nd High | 0.92251 |
| Next High | 0.92245 |
| Current Price | 0.92187 |
| Next Low | 0.9197 |
| 2nd Low | 0.91968 |
| 3rd Low | 0.91763 |
0.92245 – 0.92251 – 0.92295 – 0.9197 – 0.92026 – 0.92094 —
0.92202 – 0.92193 —
63.917650659993 – 50.945160114537 —
– —
0.92245 – 1782399600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –