The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at is considered certain.
Caution: A possible change in the direction of resistance at 0.93455 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93730 |
| 2nd High | 0.93566 |
| Next High | 0.93455 |
| Current Price | 0.93331 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93455 – 0.93566 – 0.93730 – 0.93059 – 0.93349 – 0.93412
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern