The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
A bearish descent down to the next support line at 0.92234 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.92316 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92628 |
| 2nd High | 0.92357 |
| Next High | 0.92316 |
| Current Price | 0.92288 |
| Next Low | 0.92234 |
| 2nd Low | 0.92169 |
| 3rd Low | 0.92143 |
0.92316 – 0.92357 – 0.92351 – 0.92234 – 0.92169 – 0.92143 —
0.92308 – 0.92297 —
51.735431324697 – 54.216400997361 —
– —
0.92316 – 1776418200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –