The currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A descent down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.92301 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
Next a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.93253 |
| 2nd High | 0.92578 |
| Next High | 0.92301 |
| Current Price | 0.92133 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.92301 – 0.92289 – 0.92578 – 0.9211 – 0.91789 – 0.92324 —
0.92272 – 0.92276 —
54.384305364765 – 52.460311572673 —
– —
0.92301 – 1763161200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – –