Moving Up, EUPCHF

EURCHF CHART PRICE – EURCHF 4H

The price has fluctuated for a while, now, we finally got out a pattern, a falling wedge pattern. This is one of my favorite patterns, which indicates a bullish signal. 

Also, the Bollinger bands shrinking, the recent lower point could be a support point. The price receives support pressure at this point. Another thing is the MACD lines are crossed, the blue lines would top on the orange line which could form an upward trend.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.