EUR/CHF – 4H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.91789 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.93072 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | 0.9367 |
| 2nd High | 0.93492 |
| Next High | 0.93072 |
| Current Price | 0.91802 |
| Next Low | 0.91789 |
| 2nd Low | |
| 3rd Low |
0.93072 – 0.93492 – 0.93257 – 0.91884 – 0.92536 – 0.92957 —
0.92283 – 0.92279 —
21.848823466897 – 26.703861147785 —
– —
0.93072 – 1769025600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – – – – – –