EUR/CHF – 30M – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards

The bearish trend down to the next support at 0.92242 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.92328 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.92267894 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.92328 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.92328 – 0.92349 – 0.92281 – 0.92242 – 0.92153 – 0.9217 —
0.92323 – 0.92303 —
56.272685670493 – 53.325276921811 —
– —
0.92328 – 1782867600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –