EUR/CHF – 30M – SELL

And also a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.91742988 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.92112 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.92112 – 0.92099 – 0.91875 – 0.91809 – 0.9168 – 0.91629 —
0.91998 – 0.91876 —
51.664602324401 – 44.34713279787 —
– —
0.92112 – 1769619600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – Double top chart pattern – – – – – – – –