The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.90944 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.91687 could occur.
Consider stop-loss settings accordingly.
Then a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93072 |
| 2nd High | 0.92171 |
| Next High | 0.91687 |
| Current Price | 0.91274 |
| Next Low | 0.90944 |
| 2nd Low | |
| 3rd Low |
0.91687 – 0.92171 – 0.93072 – 0.90944 – 0.91442 – 0.91485 —
0.91589 – 0.91373 —
51.847477180795 – 44.748295272852 —
– —
0.91687 – 1770825600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –