EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.91434 will continue.
Caution: A possible change in the direction of the resistance level at 0.91736 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Tweezers Top’ candlestick chart pattern is existing. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92112 |
| 2nd High | 0.91832 |
| Next High | 0.91736 |
| Current Price | 0.91632 |
| Next Low | 0.91434 |
| 2nd Low | |
| 3rd Low |
0.91736 – 0.91832 – 0.92112 – 0.91434 – 0.91709 – 0.91633 —
0.91616 – 0.91665 —
42.177781043496 – 53.920319483973 —
– —
0.91736 – 1769770800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –