EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 0.91576 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.91675 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.91513364 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.91675 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Southern Doji’ candlestick chart pattern is detected. The candles show ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.91675 – 0.9178 – 0.91678 – 0.91576 – 0.91596 – 0.91547 —
0.91629 – 0.91668 —
43.568640252364 – 45.249896486305 —
– —
0.91675 – 1777950000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – – – – – –