The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.91736 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Then a ‘Three Inside Down’ candle chart pattern is existing. The candles form ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92112 |
| 2nd High | 0.91832 |
| Next High | 0.91736 |
| Current Price | 0.91596 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91736 – 0.91832 – 0.92112 – 0.91451 – 0.91434 – 0.91709 —
0.91618 – 0.91625 —
51.226326671836 – 52.034091717747 —
0.91451 – 1769794200 —
0.91736 – 1769770800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Inside Down – – – – – – – – –