EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.93914 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.94094 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Harami’ chart pattern is detected. The chart forms ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.94094 |
| Current Price | 0.94009 |
| Next Low | 0.93914 |
| 2nd Low | 0.93578 |
| 3rd Low | 0.93538 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami