Also there is a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.91528376 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.91789 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91809 |
| 2nd High | 0.91808 |
| Next High | 0.91789 |
| Current Price | 0.91545 |
| Next Low | 0.91537 |
| 2nd Low | 0.91442 |
| 3rd Low | 0.91434 |
0.91789 – 0.91808 – 0.91729 – 0.91602 – 0.91537 – 0.91442 —
0.91694 – 0.91647 —
42.603561418857 – 42.601733461935 —
– —
0.91789 – 1770598800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Double top chart pattern – – – – – – – –