The combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A descending movement downwards to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.9306 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.
Then a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.92863 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.9306 – 0.93157 – 0.93165 – 0.92697 – 0.93001 – 0.92974 —
0.93014 – 0.92936 —
51.664627034923 – 56.167810091746 —
– —
0.93060 – 1767614400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Double top chart pattern – – – – – – – –