EUR/CHF – 30M – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards

A bearish descent down to the next support at 0.94099 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.94465 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

0.94465 – 0.94143 – 0.94062 – 0.94099 – 0.93835 – 0.93858

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low