EUR/CHF – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Current target is 0.92764396 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.92954 could occur.
Consider stop-loss settings accordingly.
Next a ‘Tweezers Top’ candle chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93253 |
| 2nd High | 0.93108 |
| Next High | 0.92954 |
| Current Price | 0.92943 |
| Next Low | 0.92544 |
| 2nd Low | 0.92068 |
| 3rd Low | 0.91789 |
0.92954 – 0.92693 – 0.92306 – 0.92544 – 0.92068 – 0.92209 —
0.92863 – 0.92908 —
57.618805232768 – 60.184480593786 —
– —
0.92954 – 1763573400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – –