EUR/CHF – 4H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.93165 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93953 |
| 2nd High | 0.9367 |
| Next High | 0.93165 |
| Current Price | 0.93036 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93165 – 0.93076 – 0.9367 – 0.92697 – 0.92755 – 0.92577 —
0.92890 – 0.93011 —
42.399405789628 – 53.268520576456 —
– —
0.93165 – 1767182400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double bottom chart pattern – – – – – – – –