EUR/CHF – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
A descent down to the next support line at 0.93059 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.93182 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93278 |
| 2nd High | 0.93238 |
| Next High | 0.93182 |
| Current Price | 0.93151 |
| Next Low | 0.93059 |
| 2nd Low | 0.92766 |
| 3rd Low | 0.92697 |
0.93182 – 0.93022 – 0.9306 – 0.93059 – 0.92766 – 0.92697 —
0.93155 – 0.93183 —
53.06783017952 – 54.650776565298 —
– —
0.93182 – 1767819600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –