The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.91431 will persist.
Caution: A possible change in the direction of the resistance level at 0.91676 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92503 |
| 2nd High | 0.9178 |
| Next High | 0.91676 |
| Current Price | 0.91540 |
| Next Low | 0.91431 |
| 2nd Low | 0.91429 |
| 3rd Low | 0.91168 |
0.91676 – 0.9178 – 0.91775 – 0.91576 – 0.91431 – 0.91555 —
0.91633 – 0.91583 —
35.623626343465 – 45.717154324596 —
– —
0.91676 – 1777971600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – Rising Wedge Chart Pattern – – – – – – – –