The combination Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at is certain.
Caution: A possible change in the direction of resistance at 0.92912 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Northern Doji’ candle pattern is discovered. The candles show ‘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 | 0.93281 |
| 2nd High | 0.92972 |
| Next High | 0.92912 |
| Current Price | 0.92688 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.92912 – 0.92972 – 0.93281 – 0.92536 – 0.92705 – 0.92681 —
0.92633 – 0.92717 —
38.726605630561 – 54.030586231164 —
– —
0.92912 – 1768896000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –