EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.92972 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘Tweezers Top’ candle pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93281 |
| 2nd High | 0.93166 |
| Next High | 0.92972 |
| Current Price | 0.92851 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.92972 – 0.93166 – 0.93281 – 0.92705 – 0.92681 – 0.93043 —
0.92853 – 0.92861 —
48.409565624938 – 52.766379895027 —
– —
0.92972 – 1768816800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –