Additionally a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A descent down to the next support at 0.90503 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.90668 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90668 |
| Current Price | 0.90490 |
| Next Low | 0.90503 |
| 2nd Low | 0.90314 |
| 3rd Low | 0.8988 |
0.90668 – 0.90654 – 0.90468 – 0.90503 – 0.90314 – 0.8988 —
0.90658 – 0.90589 —
58.436780799294 – 41.394778633904 —
– —
0.90668 – 1773723600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –