EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at will continue.
Caution: A possible change in the direction of the resistance level at 0.93414 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.
Besides a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93954 |
| 2nd High | 0.93621 |
| Next High | 0.93414 |
| Current Price | 0.93309 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93414 – 0.93621 – 0.93954 – 0.93237 – 0.93184 – 0.93372 — 52.037439557527 – 47.708687741057 — 50.426429016338 – 62.960567294332 – 49.454586108316 – 53.734048839698
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Last Engulfing Top – Double bottom chart pattern – –