The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.91443 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.91572 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9178 |
| 2nd High | 0.91756 |
| Next High | 0.91572 |
| Current Price | 0.91523 |
| Next Low | 0.91443 |
| 2nd Low | 0.91364 |
| 3rd Low | 0.91168 |
0.91572 – 0.9156 – 0.91756 – 0.91443 – 0.91447 – 0.91364 —
0.91501 – 0.91547 —
45.881750493331 – 55.385569756574 —
– —
0.91572 – 1778166000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –