EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of resistance at 0.93497 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9354 |
| 2nd High | 0.93539 |
| Next High | 0.93497 |
| Current Price | 0.93394 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93497 – 0.93539 – 0.93492 – 0.93363 – 0.93371 – 0.93286 — 48.933825279907 – 43.663546188196 — 45.82853413192 – 35.454580357828 – 45.072819882771 – 44.015715784893
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –