The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.92705 is expected.
Caution: A possible change in the direction of the resistance zone at 0.92972 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Tweezers Top’ candle pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93492 |
| 2nd High | 0.93281 |
| Next High | 0.92972 |
| Current Price | 0.92857 |
| Next Low | 0.92705 |
| 2nd Low | 0.92681 |
| 3rd Low | 0.92577 |
0.92972 – 0.93281 – 0.93492 – 0.92705 – 0.92681 – 0.93076 —
0.92863 – 0.92882 —
43.272847172114 – 48.130216377652 —
– —
0.92972 – 1768816800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –