The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at is expected.
Caution: A possible change in the direction of the resistance zone at 0.91918 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
Then a ‘Bearish Belt Hold’ chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92321 |
| 2nd High | 0.92053 |
| Next High | 0.91918 |
| Current Price | 0.91754 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91918 – 0.9181 – 0.92053 – 0.917 – 0.91587 – 0.91625 —
0.91918 – 0.91850 —
63.764127713862 – 52.775647369124 —
0.91918 – 1776931200 —
– 1776931200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –