EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at will persist.
Caution: A possible change in the direction of the resistance line at 0.93462 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93539 |
| 2nd High | 0.93497 |
| Next High | 0.93462 |
| Current Price | 0.93419 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93462 – 0.93497 – 0.93539 – 0.93356 – 0.93363 – 0.93371 — 49.175205145281 – 48.898450052626 — 77.265075994497 – 69.460019754098 – 75.976575797207 – 75.187609265085
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – –