The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.90087 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.90467 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Then a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90707 |
| 2nd High | 0.90498 |
| Next High | 0.90467 |
| Current Price | 0.90231 |
| Next Low | 0.90087 |
| 2nd Low | 0.89803 |
| 3rd Low |
0.90467 – 0.90462 – 0.90498 – 0.90087 – 0.9021 – 0.90228 —
0.90320 – 0.90309 —
45.599799522038 – 45.567112667707 —
– —
0.90467 – 1773225000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –