EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.90494 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.90707 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.90492 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.90707 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Southern Doji’ candlestick pattern is found. The candles show ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.90707 – 0.90717 – 0.90768 – 0.90494 – 0.90492 – 0.90558 —
0.90670 – 0.90641 —
58.231557254338 – 41.403656266937 —
– —
0.90707 – 1772748000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – – – – – –