EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A bearish trend down to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93475 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘Tweezers Top’ candlestick chart pattern is existing. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93948 |
| 2nd High | 0.93879 |
| Next High | 0.93475 |
| Current Price | 0.93282 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93475 – 0.93879 – 0.93694 – 0.93121 – 0.93011 – 0.92978
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top