EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A descent downwards to the next support at 0.92755 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93418 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Tweezers Bottom’ candle pattern is detected. The candles show ‘Tweezers Bottom’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93879 |
| 2nd High | 0.93549 |
| Next High | 0.93418 |
| Current Price | 0.93071 |
| Next Low | 0.92755 |
| 2nd Low | 0.92717 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Bottom