The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.91576 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.91676 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Three Line Strike – Bearish’ candlestick chart pattern is found. The candles show ‘Three Line Strike – Bearish’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92375 |
| 2nd High | 0.9178 |
| Next High | 0.91676 |
| Current Price | 0.91594 |
| Next Low | 0.91576 |
| 2nd Low | 0.91547 |
| 3rd Low | 0.91431 |
0.91676 – 0.91675 – 0.9178 – 0.91576 – 0.91596 – 0.91547 —
0.91584 – 0.91637 —
36.113109643236 – 54.802062828891 —
– —
0.91676 – 1777973400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bearish – – – – – – – – –