The currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91809 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91945 |
| 2nd High | 0.9183 |
| Next High | 0.91809 |
| Current Price | 0.91678 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91809 – 0.9183 – 0.91752 – 0.91584 – 0.91669 – 0.91485 —
0.91768 – 0.91729 —
58.468235497273 – 47.939373969872 —
– —
0.91809 – 1770249900
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – – – – – – – – –