EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.93059 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.93436 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Southern Doji’ chart pattern is discovered. The candles show ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93566 |
| 2nd High | 0.93455 |
| Next High | 0.93436 |
| Current Price | 0.93206 |
| Next Low | 0.93059 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93436 – 0.93455 – 0.93566 – 0.93293 – 0.93059 – 0.93349
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – Double bottom chart pattern