EUR/CHF – 30M – SELL

In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 0.93526096 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.93598 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Tweezers Top’ candle chart pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.93598 – 0.93466 – 0.93399 – 0.93489 – 0.9334 – 0.93262 —
0.93593 – 0.93598 —
62.959722140309 – 64.285087154416 —
– —
0.93598 – 1764885600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –