EUR/CHF – 30M – BUY

The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline down.

The bearish trend down to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.94369 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.9431632 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.94369 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

There is also a ‘Tweezers Bottom’ candlestick pattern is found. The candles form ‘Tweezers Bottom’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

0.94369 – 0.94374 – 0.94465 – 0.93967 – 0.94099 – 0.93835

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Bottom