EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
A bearish movement down to the next support line at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.93803 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93956 |
| 2nd High | 0.93865 |
| Next High | 0.93803 |
| Current Price | 0.93726 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93803 – 0.93717 – 0.93682 – 0.93692 – 0.93583 – 0.93535 — 46.678983625759 – 44.755257326965 — 47.263589267765 – 17.802520683523 – 73.67406376453 – 47.520812392072
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – –