Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.91789 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.92306 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘%K fall below 80’ indicator signal is detected. The indicator shows ‘%K fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93108 |
| 2nd High | 0.92578 |
| Next High | 0.92306 |
| Current Price | 0.92123 |
| Next Low | 0.91789 |
| 2nd Low | |
| 3rd Low |
0.92306 – 0.92299 – 0.92301 – 0.92209 – 0.92135 – 0.91789 —
0.92286 – 0.92262 —
56.551506851566 – 44.073896079812 —
– —
0.92306 – 1763418600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – –