EUR/CHF – 1H – SELL

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

The bearish trend down to the next support at 0.92957 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.93257 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.931862 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93257 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.93181 – 0.93257 – 0.93196 – 0.92957 – 0.92971 – 0.93097 —
0.93303 – 0.93343 —
63.918290388568 – 57.590917309558 —
– —
0.93181 – 1768226400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –