The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.90707 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘Tweezers Top’ candlestick chart pattern is detected. The candles form ‘Tweezers Top’. 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 probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90768 |
| 2nd High | 0.90717 |
| Next High | 0.90707 |
| Current Price | 0.90650 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.90707 – 0.90717 – 0.90768 – 0.90494 – 0.90492 – 0.90558 —
0.90636 – 0.90667 —
51.594513550043 – 57.443075413549 —
– —
0.90707 – 1772748000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –