The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at is likely expected.
Caution: A possible change in the direction of the resistance line at 0.90707 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.
Then a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90984 |
| 2nd High | 0.90717 |
| Next High | 0.90707 |
| Current Price | 0.90370 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.90707 – 0.90717 – 0.90984 – 0.89803 – 0.89831 – 0.90528 —
0.90197 – 0.90458 —
51.573481158891 – 69.790517833356 —
– —
0.90707 – 1772748000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –