EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.93535 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.9381 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
There is also a ‘Tweezers Top’ candlestick chart pattern is discovered. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93865 |
| Next High | 0.9381 |
| Current Price | 0.93726 |
| Next Low | 0.93535 |
| 2nd Low | 0.93224 |
| 3rd Low | 0.93179 |
0.9381 – 0.93667 – 0.93589 – 0.93535 – 0.93224 – 0.93179 — 61.266348442004 – 54.277783557404 — 76.682754182754 – 83.090146042812 – 59.942084942085 – 70.287877938767
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – –