The currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.93366 will persist.
Caution: A possible change in the direction of the resistance line at 0.93501 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9363 |
| 2nd High | 0.93574 |
| Next High | 0.93501 |
| Current Price | 0.93347 |
| Next Low | 0.93366 |
| 2nd Low | 0.93327 |
| 3rd Low | 0.93011 |
0.93501 – 0.93245 – 0.92966 – 0.93366 – 0.93327 – 0.93011 —
0.93442 – 0.93386 —
53.79949857254 – 46.967762460728 —
– —
0.93501 – 1764081000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –