EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.91773 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.91728 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Concealing Baby Swallow’ candlestick chart pattern is detected. The candles show ‘Concealing Baby Swallow’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91832 |
| 2nd High | 0.91736 |
| Next High | 0.91728 |
| Current Price | 0.91624 |
| Next Low | 0.91509 |
| 2nd Low | 0.91451 |
| 3rd Low | 0.91434 |
0.91728 – 0.91736 – 0.91832 – 0.91509 – 0.91451 – 0.91434 —
0.91671 – 0.91694 —
54.840665170146 – 49.001866457767 —
– —
0.91728 – 1769994000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Concealing Baby Swallow – – – – – – – – –