EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.93410 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.93879 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Engulfing’ candle chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.93879 |
| Current Price | 0.93625 |
| Next Low | 0.93410 |
| 2nd Low | 0.93385 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing