EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 0.93179 is expected.
Caution: A possible change in the direction of the resistance zone at 0.93589 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Collapsing Doji Star’ candle pattern is discovered. The candles show ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93865 |
| Next High | 0.93589 |
| Current Price | 0.93620 |
| Next Low | 0.93179 |
| 2nd Low | 0.93138 |
| 3rd Low | 0.93059 |
0.93589 – 0.93865 – 0.94045 – 0.93224 – 0.93179 – 0.93567 — 62.259955007854 – 60.545109614137 — 63.12606163723 – 48.681003348511 – 68.231279678983 – 60.063083064322
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Collapsing Doji Star – Rising Wedge Chart Pattern – –