The pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.9105 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.91323 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9149 |
| 2nd High | 0.91414 |
| Next High | 0.91323 |
| Current Price | 0.91229 |
| Next Low | 0.9105 |
| 2nd Low | 0.90606 |
| 3rd Low |
0.91323 – 0.91414 – 0.9149 – 0.9105 – 0.91243 – 0.91209 —
0.91279 – 0.91255 —
56.679777634809 – 53.186879639355 —
– —
0.91323 – 1772024400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –