EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93414 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Tweezers Top’ candle pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish chart scenario. The currency 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 | 0.94045 |
| 2nd High | 0.93954 |
| Next High | 0.93414 |
| Current Price | 0.93332 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93414 – 0.93954 – 0.93932 – 0.93138 – 0.93184 – 0.93535 — 55.033922306754 – 49.979215508099 — 59.50249641266 – 50.067405427793 – 51.001476107828 – 53.330394364805
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – –