EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.93755 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.93917 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.93739 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.93917 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.93917 – 0.93953 – 0.93717 – 0.93755 – 0.93824 – 0.93543 —
0.93847 – 0.93887 —
48.250189155884 – 47.364991076184 —
0.93755 – 1765278000 —
0.93917 – 1765236600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –