EUR/CHF – 4H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A descending movement downwards to the next support at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93165 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93953 |
| 2nd High | 0.9367 |
| Next High | 0.93165 |
| Current Price | 0.93109 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93165 – 0.93076 – 0.9367 – 0.92697 – 0.92755 – 0.92577 —
0.92834 – 0.93060 —
43.837903308789 – 53.527769574996 —
– —
0.93165 – 1767182400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –