EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.93835 is likely expected.
Caution: A possible change in the direction of resistance at 0.94143 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Southern Doji’ chart pattern is found. The candles show ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95791 |
| 2nd High | 0.95001 |
| Next High | 0.94143 |
| Current Price | 0.94197 |
| Next Low | 0.93835 |
| 2nd Low | 0.93488 |
| 3rd Low | 0.93349 |
0.94143 – 0.94062 – 0.94102 – 0.93835 – 0.93858 – 0.93488
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji