The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.91736 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92354 |
| 2nd High | 0.92112 |
| Next High | 0.91736 |
| Current Price | 0.91624 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91736 – 0.92112 – 0.92354 – 0.91451 – 0.91434 – 0.91633 —
0.91631 – 0.91718 —
47.667646485434 – 59.783646724273 —
– —
0.91736 – 1769770800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –