The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.90229 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.90707 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90984 |
| 2nd High | 0.90717 |
| Next High | 0.90707 |
| Current Price | 0.90201 |
| Next Low | 0.90229 |
| 2nd Low | |
| 3rd Low |
0.90707 – 0.90717 – 0.90984 – 0.90528 – 0.90558 – 0.90905 —
0.90663 – 0.90439 —
50.750745798609 – 25.223666283858 —
– —
0.90707 – 1772748000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –