EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.93059 is considered certain.
Caution: A possible change in the direction of resistance at 0.93455 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Tweezers Top’ candlestick chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a negative 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 | 0.93730 |
| 2nd High | 0.93566 |
| Next High | 0.93455 |
| Current Price | 0.93402 |
| Next Low | 0.93059 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93455 – 0.93566 – 0.93730 – 0.93059 – 0.93349 – 0.93412
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top –