EUR/CHF – 30M – SELL

And also a ‘Double top chart pattern’ chart pattern is existing. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

The pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.

A bearish movement down to the next support at 0.93875 is certain.

Caution: A possible change in the direction of resistance at 0.94288 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.9374959 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.94288 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. 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 ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.94288 – 0.94035 – 0.93880 – 0.93875 – 0.93629 – 0.93603

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji