EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.93121 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.93342 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Tweezers Top’ candle pattern is existing. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.93342 – 0.93557 – 0.93497 – 0.93121 – 0.93356 – 0.93286 — 58.954467502551 – 48.924211475027 — 100 – 81.454733996259 – 79.843476469983 – 86.147218681141

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – –