EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.

A descending movement down to the next support at 0.91484 is expected.

Caution: A possible change in the direction of the resistance zone at 0.91565 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

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

Next a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.91565 – 0.91572 – 0.9156 – 0.91484 – 0.91332 – 0.91443 —
0.91572 – 0.91572 —
56.343729218169 – 53.332071270035 —
– —
0.91565 – 1778220000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –