EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.91771 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.91625 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish SBS White Lines’ candle pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92053 |
| 2nd High | 0.91834 |
| Next High | 0.91771 |
| Current Price | 0.91723 |
| Next Low | 0.91625 |
| 2nd Low | 0.91571 |
| 3rd Low | 0.91516 |
0.91771 – 0.91834 – 0.92053 – 0.91625 – 0.91634 – 0.92234 —
0.91725 – 0.91765 —
37.007176017307 – 40.925197457208 —
– —
0.91771 – 1776751200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –