EUR/CHF – 30M – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards

The bearish trend down to the next support line at 0.91055 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.91399 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.91399 – 0.91215 – 0.91363 – 0.91055 – 0.91037 – 0.91163 —
0.91309 – 0.91290 —
62.657084967775 – 55.375893671576 —
– —
0.91399 – 1771351200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –