The currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
The bearish trend down to the next support level at 0.92753 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93501 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘%K fall below 80’ indicator signal is found. The indicator shows ‘%K fall below 80’. this is usually a bearish chart signal. The pair is likely to go down.
Besides a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9363 |
| 2nd High | 0.93574 |
| Next High | 0.93501 |
| Current Price | 0.93366 |
| Next Low | 0.92753 |
| 2nd Low | 0.92068 |
| 3rd Low | 0.91789 |
0.93501 – 0.93248 – 0.93048 – 0.92753 – 0.92822 – 0.92068 —
0.93416 – 0.93429 —
62.365601316824 – 56.383759133131 —
– —
0.93501 – 1764079200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –