There is also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.92127 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.92375 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92628 |
| 2nd High | 0.92503 |
| Next High | 0.92375 |
| Current Price | 0.92328 |
| Next Low | 0.92127 |
| 2nd Low | 0.91968 |
| 3rd Low | 0.91763 |
0.92321 – 0.92031 – 0.92261 – 0.92127 – 0.91968 – 0.91763 —
0.92407 – 0.92414 —
70.899904813592 – 60.51720469802 —
– —
0.92321 – 1781820000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –