EUR/CHF – 30M – SELL

In addition a ‘Double top chart pattern’ chart layout is discovered. The chart shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.

The combination Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.

A bearish trend downwards to the next support at 0.93875 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.94288 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.9374959 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.94288 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Southern Doji’ candle chart pattern is detected. The candles form ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.94288 – 0.94035 – 0.93880 – 0.93875 – 0.93629 – 0.93603

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji