The combination Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.91729 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.91537 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Furthermore a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart shows ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91809 |
| 2nd High | 0.91808 |
| Next High | 0.91729 |
| Current Price | 0.91610 |
| Next Low | 0.91537 |
| 2nd Low | 0.91442 |
| 3rd Low | 0.91434 |
0.91729 – 0.91808 – 0.91809 – 0.91537 – 0.91442 – 0.91584 —
0.91609 – 0.91612 —
39.780374310368 – 44.543889256495 —
– —
0.91729 – 1770316200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –