The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.93259 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Besides a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93725 |
| 2nd High | 0.93311 |
| Next High | 0.93259 |
| Current Price | 0.92902 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93259 – 0.92703 – 0.93103 – 0.91789 – 0.9258 – 0.92373 —
0.92290 – 0.92903 —
46.842000206841 – 67.431505845556 —
– —
0.93259 – 1762516800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – –