FX:EURCHF   Euro / Swiss Franc
46 0
I believe that the EURCHF is going to see an increase in pips in the next day. As you can see several of the bearish candles all break the lower bound of the bollinger band , creating a bearish trend . Additionally, the Stock Oscillator shows that during this bearish trend , this currency pair is being oversold. These two indicators show that there is going to be a trend reversal, and the conformation of this trend reversal is supported by the bullish candles shadow at 2018-02-27 22:00:00 being well over 20% more than the previous bullish candles shadow but closing at a higher price. We can expect to see a short period of consolidation in the next upcoming hours but after this the retracement action will begin. With this being such a strong move with 13 bearish candles, we could expect to see a rise in pips well over 0.50 fib level.
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