EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.93093 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.9319 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.93134788 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.9319 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93278 |
| 2nd High | 0.93238 |
| Next High | 0.9319 |
| Current Price | 0.93163 |
| Next Low | 0.93093 |
| 2nd Low | 0.93059 |
| 3rd Low | 0.92932 |
0.9319 – 0.93186 – 0.93161 – 0.93093 – 0.93059 – 0.93061 —
0.93190 – 0.93194 —
62.827607323949 – 55.534992837653 —
– —
0.93190 – 1767895200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –