EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 0.92494 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.93000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94087 |
| 2nd High | 0.93530 |
| Next High | 0.93000 |
| Current Price | 0.92675 |
| Next Low | 0.92494 |
| 2nd Low | 0.92384 |
| 3rd Low | 0.92293 |
0.93000 – 0.92958 – 0.92838 – 0.92494 – 0.92384 – 0.92293
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows