The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.93076 will persist.
Caution: A possible change in the direction of the resistance level at 0.93281 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘%K cross below 0.8’ indicator layout is existing. The indicator is ‘%K cross below 0.8’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93558 |
| 2nd High | 0.93492 |
| Next High | 0.93281 |
| Current Price | 0.93151 |
| Next Low | 0.93076 |
| 2nd Low | 0.93059 |
| 3rd Low | 0.92957 |
0.93281 – 0.93492 – 0.93181 – 0.93076 – 0.93059 – 0.92957 —
0.93280 – 0.93206 —
55.764405913404 – 46.44583963056 —
– —
0.93281 – 1768496400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –