EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline down.
A bearish trend downwards to the next support at 0.92755 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93193 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Upside Tasuki Gap’ candlestick pattern is detected. The candles form ‘Upside Tasuki Gap’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Upside Tasuki Gap’ going up is 57% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93549 |
| 2nd High | 0.93418 |
| Next High | 0.93193 |
| Current Price | 0.93004 |
| Next Low | 0.92755 |
| 2nd Low | 0.92717 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Upside Tasuki Gap