The combination Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 0.8988 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.90414 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Three Inside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90707 |
| 2nd High | 0.90544 |
| Next High | 0.90414 |
| Current Price | 0.90377 |
| Next Low | 0.8988 |
| 2nd Low | 0.89803 |
| 3rd Low |
0.90414 – 0.90544 – 0.90382 – 0.8988 – 0.90215 – 0.90179 —
0.90368 – 0.90462 —
52.850700750005 – 63.733642734851 —
– —
0.90414 – 1773423000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Inside Down – – – – – – – – –