EUR/CHF – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.
The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.91729 is certain.
Caution: A possible change in the direction of the support zone at 0.91537 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish SBS White Lines’ chart pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading 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 | 0.91739 |
| Next Low | 0.91537 |
| 2nd Low | 0.91442 |
| 3rd Low | 0.91434 |
0.91729 – 0.91808 – 0.91809 – 0.91537 – 0.91442 – 0.91584 —
0.91608 – 0.91759 —
48.731712953312 – 55.025789510101 —
– —
0.91729 – 1770316200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – Double bottom chart pattern – – – – – – – –