The pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
The bearish trend down to the next support at 0.92822 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.92961 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Also there is a ‘Southern Doji’ candlestick chart pattern is existing. The chart shows ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. 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 | 0.93253 |
| 2nd High | 0.93108 |
| Next High | 0.92961 |
| Current Price | 0.92893 |
| Next Low | 0.92822 |
| 2nd Low | 0.92544 |
| 3rd Low | 0.92068 |
0.92961 – 0.92954 – 0.92693 – 0.92822 – 0.92859 – 0.92544 —
0.92986 – 0.93036 —
65.496729733455 – 55.400667508077 —
– —
0.92961 – 1763600400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – –