EUR/CHF – 30M – SELLFurthermore a ‘Inverse Head and Shoulder chart pattern’ chart pattern is found. The formation shows ‘Inverse Head and Shoulder chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline down.
The bearish trend down to the next support line at 0.93059 will persist.
Caution: A possible change in the direction of resistance at 0.93244 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.9308326 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.93244 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93558 |
| 2nd High | 0.93492 |
| Next High | 0.93244 |
| Current Price | 0.93186 |
| Next Low | 0.93059 |
| 2nd Low | 0.92957 |
| 3rd Low | 0.92932 |
0.93244 – 0.93191 – 0.93492 – 0.93059 – 0.93078 – 0.92957 —
0.93184 – 0.93281 —
52.153000103547 – 58.000747477807 —
– —
0.93244 – 1768474800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –