EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 0.94020 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94398 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94398 |
| Current Price | 0.93926 |
| Next Low | 0.94020 |
| 2nd Low | 0.93952 |
| 3rd Low | 0.93814 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold