EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.92574 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.93072 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93492 |
| 2nd High | 0.93281 |
| Next High | 0.93072 |
| Current Price | 0.92750 |
| Next Low | 0.92574 |
| 2nd Low | 0.92536 |
| 3rd Low | 0.92068 |
0.93072 – 0.92912 – 0.92972 – 0.92574 – 0.92536 – 0.92705 —
0.92976 – 0.92917 —
61.273454437849 – 54.255388397212 —
– —
0.93072 – 1769029200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –