EUR/CHF – 1H – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.90544 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.90707 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.90544 – 0.90467 – 0.90498 – 0.8988 – 0.90215 – 0.90179 —
0.90450 – 0.90623 —
48.38355695517 – 66.61529016087 —
– —
0.90544 – 1773378000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing – – – – – – – – –