EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.93952 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.94398 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94398 |
| Current Price | 0.94115 |
| Next Low | 0.93952 |
| 2nd Low | 0.93814 |
| 3rd Low | 0.93650 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold