Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.90498 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90498 |
| Current Price | 0.90247 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.90498 – 0.90469 – 0.90707 – 0.9021 – 0.89803 – 0.89831 —
0.90462 – 0.90467 —
60.077081559639 – 47.897223035827 —
– —
0.90498 – 1773176400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –