In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
The bearish trend down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92295 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
In addition a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92613 |
| 2nd High | 0.92431 |
| Next High | 0.92295 |
| Current Price | 0.92181 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.92295 – 0.92224 – 0.92216 – 0.92177 – 0.92075 – 0.92104 —
0.92211 – 0.92226 —
38.78679753067 – 52.686468159328 —
– —
0.92295 – 1782342000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –