The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.91448 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91808 |
| 2nd High | 0.91687 |
| Next High | 0.91448 |
| Current Price | 0.91209 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91448 – 0.91687 – 0.91394 – 0.9107 – 0.91066 – 0.91122 —
0.91193 – 0.91328 —
47.072406997548 – 56.464819212055 —
– —
0.91448 – 1770973200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Double top chart pattern – – – – – – – –