Additionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.90544 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90544 |
| Current Price | 0.90289 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.90544 – 0.90382 – 0.90279 – 0.90179 – 0.9006 – 0.90087 —
0.90516 – 0.90328 —
48.184584561682 – 40.67108176695 —
– —
0.90544 – 1773379800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Rising Wedge Chart Pattern – – – – – – – –