The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 0.91999 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.91516 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The candles show ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92171 |
| Next High | 0.91999 |
| Current Price | 0.92364 |
| Next Low | 0.91516 |
| 2nd Low | 0.91482 |
| 3rd Low | 0.91429 |
0.91999 – 0.91997 – 0.91685 – 0.91516 – 0.91482 – 0.91429 —
0.92278 – 0.92428 —
78.051313589068 – 66.107419946894 —
– —
0.91999 – 1774864800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –