EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.91954 is expected.
Caution: A possible change in the direction of the resistance line at 0.92283 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93003 |
| 2nd High | 0.92867 |
| Next High | 0.92283 |
| Current Price | 0.92175 |
| Next Low | 0.91954 |
| 2nd Low | 0.91884 |
| 3rd Low | 0.91789 |
0.92283 – 0.92867 – 0.92864 – 0.91954 – 0.91884 – 0.92713 —
0.92240 – 0.92228 —
49.074913164407 – 51.226144748373 —
– —
0.92283 – 1769421600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –