The combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
A bearish trend down to the next support line at 0.92957 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.93198 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Northern Doji’ candle pattern is found. The chart forms ‘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 | 0.93386 |
| 2nd High | 0.93247 |
| Next High | 0.93198 |
| Current Price | 0.93183 |
| Next Low | 0.92957 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.9275 |
0.93198 – 0.93178 – 0.93079 – 0.92957 – 0.92979 – 0.92992 —
67.055075762628 – 56.048791827019 —
98.496085702513 – 82.783262811472 – 93.287895435609 – 91.699054000381
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –