EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.92873 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.92838 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Latter Bottom’ candlestick pattern is detected. The candles show ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94087 |
| 2nd High | 0.93530 |
| Next High | 0.92838 |
| Current Price | 0.92594 |
| Next Low | 0.92323 |
| 2nd Low | 0.92232 |
| 3rd Low | 0.92216 |
0.92838 – 0.93530 – 0.93202 – 0.92323 – 0.92758 – 0.92232
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Latter Bottom