Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of resistance at 0.9306 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.92796 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.9306 – 0.93157 – 0.93165 – 0.92766 – 0.92754 – 0.92697 —
0.92825 – 0.92874 —
51.831117289195 – 59.367345656808 —
– —
0.93060 – 1767614400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –