The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.91884 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93072 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9367 |
| 2nd High | 0.93492 |
| Next High | 0.93072 |
| Current Price | 0.91762 |
| Next Low | 0.91884 |
| 2nd Low | 0.91789 |
| 3rd Low |
0.93072 – 0.93492 – 0.93257 – 0.91884 – 0.92536 – 0.92957 —
0.92215 – 0.92332 —
24.804694225804 – 35.068281415952 —
– —
0.93072 – 1769025600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –