EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards
A descent downwards to the next support line at 0.93358 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93446 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish pattern 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93697 |
| 2nd High | 0.93653 |
| Next High | 0.93446 |
| Current Price | 0.93762 |
| Next Low | 0.93358 |
| 2nd Low | 0.92755 |
| 3rd Low | 0.92717 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low