EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.92975 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93242 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93298 |
| 2nd High | 0.93255 |
| Next High | 0.93242 |
| Current Price | 0.93085 |
| Next Low | 0.92975 |
| 2nd Low | 0.92922 |
| 3rd Low | 0.92768 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low