Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.93076 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.93281 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93558 |
| 2nd High | 0.93492 |
| Next High | 0.93281 |
| Current Price | 0.93087 |
| Next Low | 0.93076 |
| 2nd Low | 0.93059 |
| 3rd Low | 0.92957 |
0.93281 – 0.93281 – 0.93244 – 0.93076 – 0.93059 – 0.93078 —
0.93120 – 0.93133 —
27.283026919833 – 37.337791472948 —
– —
0.93281 – 1768532400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –