EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A descending movement down to the next support at 0.93097 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.93196 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.93278 |
| 2nd High | 0.93238 |
| Next High | 0.93196 |
| Current Price | 0.93200 |
| Next Low | 0.93097 |
| 2nd Low | 0.93093 |
| 3rd Low | 0.93059 |
0.93196 – 0.9319 – 0.93186 – 0.93097 – 0.93106 – 0.93093 —
0.93207 – 0.93229 —
57.804567895029 – 59.068689470716 —
– —
0.93196 – 1767934800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –