The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A descending movement down to the next support line at is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.9306 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
And also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
And also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.92796 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.9306 – 0.93157 – 0.93165 – 0.92697 – 0.92974 – 0.92755 —
0.92786 – 0.92831 —
42.826829677076 – 47.636879485661 —
– —
0.93060 – 1767614400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –