EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.

A bearish movement down to the next support line at 0.91584 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.91809 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.9162092 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.91809 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Collapsing Doji Star’ chart pattern is detected. The candles show ‘Collapsing Doji Star’. this 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 likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.91809 – 0.9183 – 0.92171 – 0.91584 – 0.91485 – 0.91809 —
0.91758 – 0.91768 —
53.540324180199 – 56.807464803402 —
– —
0.91809 – 1770249900

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Collapsing Doji Star – – – – – – – – –