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 level at 0.92106 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 0.91769 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.92059 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.92106 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.91903 – 0.92106 – 0.92106 – 0.91769 – 0.91805 – 0.91986 —
0.91837 – 0.91905 —
35.540940542722 – 56.781665052504 —
– —
0.91903 – 1783049400

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