EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline down.
A descending movement downwards to the next support at 0.93952 will continue.
Caution: A possible change in the direction of the resistance zone at 0.94398 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Shooting Star’ candle pattern is detected. The chart shows ‘Shooting Star’. 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 chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94398 |
| Current Price | 0.94086 |
| Next Low | 0.93952 |
| 2nd Low | 0.93814 |
| 3rd Low | 0.93650 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Shooting Star