The pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
A descent downwards to the next support at 0.91451 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.91654 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9178 |
| 2nd High | 0.91676 |
| Next High | 0.91654 |
| Current Price | 0.91625 |
| Next Low | 0.91451 |
| 2nd Low | 0.91431 |
| 3rd Low | 0.91429 |
0.91654 – 0.91676 – 0.91675 – 0.91451 – 0.91489 – 0.91489 —
0.91661 – 0.91715 —
62.76704877329 – 56.245188886971 —
– —
0.91654 – 1777998600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – – – – – – – – –