The currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.91629 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.93072 is also possible.
Consider stop-loss settings accordingly.
Also there is a ” indicator layout is found. The indicator is ”. which could be a negative signal. The pair is likely to go down.
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Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9367 |
| 2nd High | 0.93492 |
| Next High | 0.93072 |
| Current Price | 0.91600 |
| Next Low | 0.91629 |
| 2nd Low | |
| 3rd Low |
0.93072 – 0.93492 – 0.93257 – 0.91629 – 0.91884 – 0.92536 —
0.92099 – 0.91822 —
37.287016251489 – 33.684881144605 —
– —
0.93072 – 1769025600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –