EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A bearish movement down to the next support at 0.93540 will continue.
Caution: A possible change in the direction of resistance at 0.94053 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Tweezers Top’ candlestick pattern is found. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency 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 | 0.94407 |
| 2nd High | 0.94278 |
| Next High | 0.94053 |
| Current Price | 0.93824 |
| Next Low | 0.93540 |
| 2nd Low | 0.93489 |
| 3rd Low | 0.93423 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top