EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 0.93629 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.94288 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94369 |
| Next High | 0.94288 |
| Current Price | 0.93939 |
| Next Low | 0.93629 |
| 2nd Low | 0.93603 |
| 3rd Low | 0.93363 |
0.94288 – 0.94035 – 0.93880 – 0.93629 – 0.93603 – 0.93608
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji