The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.9105 is expected.
Caution: A possible change in the direction of resistance at 0.91323 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
There is also a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9149 |
| 2nd High | 0.91414 |
| Next High | 0.91323 |
| Current Price | 0.91220 |
| Next Low | 0.9105 |
| 2nd Low | 0.90606 |
| 3rd Low |
0.91323 – 0.91414 – 0.9149 – 0.9105 – 0.91243 – 0.91209 —
0.91257 – 0.91244 —
55.756292270967 – 50.164392508247 —
– —
0.91323 – 1772024400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – – – – – –