The currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards
The bearish trend down to the next support at 0.92012 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92283 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93003 |
| 2nd High | 0.92867 |
| Next High | 0.92283 |
| Current Price | 0.92236 |
| Next Low | 0.92012 |
| 2nd Low | 0.91954 |
| 3rd Low | 0.91884 |
0.92283 – 0.92867 – 0.92864 – 0.92012 – 0.91954 – 0.91884 —
0.92333 – 0.92324 —
57.374345746418 – 52.138583935284 —
– —
0.92283 – 1769421600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –