EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.92822 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.92961 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93253 |
| 2nd High | 0.93108 |
| Next High | 0.92961 |
| Current Price | 0.92894 |
| Next Low | 0.92822 |
| 2nd Low | 0.92544 |
| 3rd Low | 0.92068 |
0.92961 – 0.92954 – 0.92693 – 0.92822 – 0.92859 – 0.92544 —
0.93018 – 0.92950 —
65.545345649082 – 51.297975992923 —
– —
0.92961 – 1763600400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – –