EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline down.
A descent downwards to the next support at 0.93184 is expected.
Caution: A possible change in the direction of the resistance line at 0.93621 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93956 |
| 2nd High | 0.93954 |
| Next High | 0.93621 |
| Current Price | 0.93278 |
| Next Low | 0.93184 |
| 2nd Low | |
| 3rd Low |
0.93621 – 0.93954 – 0.93829 – 0.93184 – 0.93372 – 0.93691 — 43.481945181813 – 43.324227587594 — 96.227066630634 – 92.443623697565 – 95.924610169397 – 94.776155688748
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – –