The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A bearish movement downwards to the next support level at 0.91948 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.92253 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
There is also a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92343 |
| 2nd High | 0.92281 |
| Next High | 0.92253 |
| Current Price | 0.92146 |
| Next Low | 0.91948 |
| 2nd Low | 0.91918 |
| 3rd Low | 0.91801 |
0.92253 – 0.9218 – 0.92281 – 0.91948 – 0.92095 – 0.92183 —
0.92213 – 0.92237 —
60.355748775742 – 47.281373938197 —
– —
0.92253 – 1781283600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –