The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.91633 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.91832 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92112 |
| Next High | 0.91832 |
| Current Price | 0.91600 |
| Next Low | 0.91633 |
| 2nd Low | 0.91629 |
| 3rd Low |
0.91832 – 0.92112 – 0.92099 – 0.91709 – 0.91633 – 0.91809 —
0.91746 – 0.91661 —
44.432754699393 – 39.224832457957 —
– —
0.91832 – 1769679000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Head and Shoulder chart pattern – – – – – – – –