EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.92766 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.92931 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Last Engulfing Top’ candle chart pattern is detected. The chart shows ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93157 |
| 2nd High | 0.9306 |
| Next High | 0.92931 |
| Current Price | 0.92986 |
| Next Low | 0.92766 |
| 2nd Low | 0.92754 |
| 3rd Low | 0.92697 |
0.92931 – 0.9306 – 0.93157 – 0.92766 – 0.92754 – 0.92697 —
0.92867 – 0.93013 —
51.449457161064 – 64.2401743802 —
– —
0.92931 – 1767695400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Last Engulfing Top – – – – – – – – –