The pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 0.90503 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.90668 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90668 |
| Current Price | 0.90661 |
| Next Low | 0.90503 |
| 2nd Low | 0.90314 |
| 3rd Low | 0.8988 |
0.90668 – 0.90654 – 0.90468 – 0.90503 – 0.90314 – 0.8988 —
0.90603 – 0.90709 —
46.887281919088 – 63.955845813597 —
– —
0.90668 – 1773723600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –