EUR/CHF – 1H – BUYNext a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.92697 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.9306 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.92783 |
| Next Low | 0.92697 |
| 2nd Low | 0.92577 |
| 3rd Low | 0.92068 |
0.9306 – 0.93157 – 0.93165 – 0.92697 – 0.92974 – 0.92755 —
0.92887 – 0.92804 —
46.485198600165 – 45.045505617406 —
– —
0.93060 – 1767614400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – – – – – –