EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.93043 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.93281 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93558 |
| 2nd High | 0.93492 |
| Next High | 0.93281 |
| Current Price | 0.92822 |
| Next Low | 0.93043 |
| 2nd Low | 0.92957 |
| 3rd Low | 0.92932 |
0.93281 – 0.93281 – 0.93244 – 0.93043 – 0.93076 – 0.93059 —
0.93157 – 0.92924 —
54.177052429077 – 35.960641366664 —
– —
0.93281 – 1768532400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Last Engulfing Top – Double bottom retreat down – – – – – – – –