The pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A descending movement downwards to the next support line at 0.9211 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.92578 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93259 |
| 2nd High | 0.93253 |
| Next High | 0.92578 |
| Current Price | 0.92301 |
| Next Low | 0.9211 |
| 2nd Low | 0.91789 |
| 3rd Low |
0.92306 – 0.92301 – 0.92289 – 0.9211 – 0.91789 – 0.92324 —
0.92262 – 0.92369 —
46.094149106778 – 61.398459962002 —
– —
0.92306 – 1763416800