EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91832 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92112 |
| Next High | 0.91832 |
| Current Price | 0.91488 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91832 – 0.92112 – 0.92099 – 0.91709 – 0.91633 – 0.91809 —
0.91667 – 0.91600 —
38.907240792767 – 32.508147842808 —
– —
0.91832 – 1769679000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –