Then a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.93174 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.93465 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93574 |
| 2nd High | 0.93501 |
| Next High | 0.93465 |
| Current Price | 0.93346 |
| Next Low | 0.93174 |
| 2nd Low | 0.92753 |
| 3rd Low | 0.92068 |
0.93465 – 0.93501 – 0.93248 – 0.93174 – 0.93217 – 0.92753 —
0.93290 – 0.93442 —
50.908168663564 – 63.294663784717 —
– —
0.93465 – 1764176400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –