EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.93138 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.93414 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Collapsing Doji Star’ candlestick pattern is found. The candles form ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93954 |
| Next High | 0.93414 |
| Current Price | 0.93309 |
| Next Low | 0.93138 |
| 2nd Low | 0.93059 |
| 3rd Low | 0.93011 |
0.93414 – 0.93954 – 0.93932 – 0.93138 – 0.93184 – 0.93535 — 51.917185975876 – 47.507283197482 — 33.192404687732 – 40.373955124252 – 28.16111996998 – 31.621552491734
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Collapsing Doji Star – Double bottom chart pattern – –