The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.91431 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91756 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
In addition a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92503 |
| 2nd High | 0.9178 |
| Next High | 0.91756 |
| Current Price | 0.91459 |
| Next Low | 0.91431 |
| 2nd Low | 0.91429 |
| 3rd Low | 0.8988 |
0.91756 – 0.9178 – 0.92503 – 0.91431 – 0.91587 – 0.91941 —
0.91560 – 0.91608 —
39.437847711474 – 44.121481038705 —
– —
0.91756 – 1778068800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –