EUR/CHF – 30M – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 0.8988 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.90414 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.90414 – 0.90544 – 0.90382 – 0.8988 – 0.90215 – 0.90179 —
0.90389 – 0.90392 —
42.495990969815 – 56.482573748186 —
– —
0.90414 – 1773423000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –