The combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.92814 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.92972 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then 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 could go down.
Then a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93281 |
| 2nd High | 0.93166 |
| Next High | 0.92972 |
| Current Price | 0.92857 |
| Next Low | 0.92814 |
| 2nd Low | 0.92705 |
| 3rd Low | 0.92681 |
0.92972 – 0.93166 – 0.93281 – 0.92814 – 0.92705 – 0.92681 —
0.92853 – 0.92910 —
46.343939429685 – 55.057863620839 —
– —
0.92972 – 1768816800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –