EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.91411 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.91293 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Below The Stomach’ candle pattern is discovered. The candles form ‘Below The Stomach’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91411 |
| 2nd High | 0.91349 |
| Next High | 0.91293 |
| Current Price | 0.91229 |
| Next Low | 0.91101 |
| 2nd Low | 0.90606 |
| 3rd Low |
0.91293 – 0.91262 – 0.91349 – 0.91101 – 0.90606 – 0.91055 —
0.91255 – 0.91274 —
54.518745932828 – 55.929634339121 —
– —
0.91293 – 1771536600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Below The Stomach – – – – – – – – –