EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.92766 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.93022 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93157 |
| 2nd High | 0.9306 |
| Next High | 0.93022 |
| Current Price | 0.93016 |
| Next Low | 0.92766 |
| 2nd Low | 0.92697 |
| 3rd Low | 0.92577 |
0.93022 – 0.9306 – 0.93157 – 0.92766 – 0.92697 – 0.92974 —
0.92976 – 0.93078 —
55.514550105014 – 55.348582273962 —
– —
0.93022 – 1767726000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –