EUR/CHF – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.92269252 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.92351 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Harami’ candlestick pattern is existing. The candles form ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92653 |
| 2nd High | 0.92628 |
| Next High | 0.92351 |
| Current Price | 0.92331 |
| Next Low | 0.92169 |
| 2nd Low | 0.92143 |
| 3rd Low | 0.91969 |
0.92351 – 0.92315 – 0.92148 – 0.92169 – 0.92143 – 0.91969 —
0.92282 – 0.92313 —
40.112758935903 – 54.743224797921 —
0.92169 – 1776357000 —
0.92351 – 1776346200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami – – – – – – – – –