EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.94184 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
Furthermore a ‘Tweezers Top’ candle chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94285 |
| 2nd High | 0.94224 |
| Next High | 0.94184 |
| Current Price | 0.93885 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.94184 – 0.94034 – 0.94224 – 0.93608 – 0.93864 – 0.93897
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top