The combination Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at is certain.
Caution: A possible change in the direction of resistance at 0.91756 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Bearish Belt Hold’ candle pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92375 |
| 2nd High | 0.9178 |
| Next High | 0.91756 |
| Current Price | 0.91572 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91756 – 0.91654 – 0.91676 – 0.91451 – 0.91489 – 0.91489 —
0.91654 – 0.91602 —
49.325319372842 – 47.994795898841 —
– —
0.91756 – 1778068800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – – – – – – – – –