And also a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.91809 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.91945 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92171 |
| Next High | 0.91945 |
| Current Price | 0.91766 |
| Next Low | 0.91809 |
| 2nd Low | 0.91568 |
| 3rd Low | 0.91509 |
0.91945 – 0.92171 – 0.91728 – 0.91809 – 0.91568 – 0.91509 —
0.91917 – 0.91861 —
46.151794293457 – 42.926028888422 —
– —
0.91945 – 1770098400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Double top chart pattern – – – – – – – –