EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 0.90528 is certain.
Caution: A possible change in the direction of the resistance zone at 0.90717 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Last Engulfing Bottom:’ candle pattern is detected. The chart shows ‘Last Engulfing Bottom:’. 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 chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91274 |
| 2nd High | 0.90984 |
| Next High | 0.90717 |
| Current Price | 0.90625 |
| Next Low | 0.90528 |
| 2nd Low | 0.90229 |
| 3rd Low |
0.90717 – 0.90984 – 0.91274 – 0.90528 – 0.90558 – 0.90905 —
0.90653 – 0.90707 —
46.683054176349 – 49.272684087116 —
– —
0.90717 – 1772708400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Last Engulfing Bottom: – – – – – – – – –