The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.91969 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92315 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Then a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92653 |
| 2nd High | 0.92628 |
| Next High | 0.92315 |
| Current Price | 0.92191 |
| Next Low | 0.91969 |
| 2nd Low | 0.91941 |
| 3rd Low | 0.91813 |
0.92315 – 0.92148 – 0.92628 – 0.91969 – 0.91941 – 0.92164 —
0.92204 – 0.92348 —
52.161227127777 – 60.389809238172 —
– —
0.92315 – 1776297600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – – – – – – – – –