EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A descending movement down to the next support at 0.93535 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94045 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94463 |
| 2nd High | 0.94129 |
| Next High | 0.94045 |
| Current Price | 0.93849 |
| Next Low | 0.93535 |
| 2nd Low | 0.93224 |
| 3rd Low | 0.93179 |
0.93803 – 0.9381 – 0.93667 – 0.93535 – 0.93224 – 0.93179 — 58.963991438845 – 57.641699979731 — 76.322029879061 – 68.700102758675 – 85.855531842015 – 77.75340552789
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – –