The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.91214 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91506 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91609 |
| 2nd High | 0.91608 |
| Next High | 0.91506 |
| Current Price | 0.91280 |
| Next Low | 0.91214 |
| 2nd Low | 0.91179 |
| 3rd Low | 0.91033 |
0.91506 – 0.91279 – 0.91323 – 0.91214 – 0.91179 – 0.91033 —
0.91271 – 0.91338 —
43.023550047323 – 55.355534582838 —
– —
0.91506 – 1772112600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –