EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.92701 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.92870 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93027 |
| 2nd High | 0.93018 |
| Next High | 0.92870 |
| Current Price | 0.92910 |
| Next Low | 0.92701 |
| 2nd Low | 0.92584 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low