EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.93356 is expected.
Caution: A possible change in the direction of resistance at 0.93497 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93954 |
| 2nd High | 0.9354 |
| Next High | 0.93497 |
| Current Price | 0.93438 |
| Next Low | 0.93356 |
| 2nd Low | 0.93286 |
| 3rd Low | 0.93138 |
0.93497 – 0.9354 – 0.93414 – 0.93356 – 0.93286 – 0.93138 — 50.443339925005 – 49.497419775012 — 50.623002222685 – 19.34415169281 – 73.873207158642 – 50.112090491761
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – –