EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
The bearish trend downwards to the next support at 0.93578 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.94278 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Bullish Belt Hold’ chart pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94278 |
| Current Price | 0.93869 |
| Next Low | 0.93578 |
| 2nd Low | 0.93538 |
| 3rd Low | 0.93483 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold