The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.92766 will persist.
Caution: A possible change in the direction of the resistance zone at 0.93022 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Southern Doji’ chart pattern is discovered. The chart shows ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93157 |
| 2nd High | 0.9306 |
| Next High | 0.93022 |
| Current Price | 0.92972 |
| Next Low | 0.92766 |
| 2nd Low | 0.92754 |
| 3rd Low | 0.92697 |
0.93022 – 0.92931 – 0.9306 – 0.92766 – 0.92754 – 0.92697 —
0.93005 – 0.93009 —
61.453363279273 – 58.126677696721 —
– —
0.93022 – 1767727800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – – – – – –