There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
The bearish trend down to the next support level at 0.90486 will continue.
Caution: A possible change in the direction of the resistance level at 0.90709 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90768 |
| 2nd High | 0.90717 |
| Next High | 0.90709 |
| Current Price | 0.90660 |
| Next Low | 0.90486 |
| 2nd Low | 0.90314 |
| 3rd Low | 0.8988 |
0.90709 – 0.90668 – 0.90654 – 0.90486 – 0.90503 – 0.90314 —
0.90680 – 0.90767 —
59.261175319444 – 58.110013979624 —
– —
0.90709 – 1773765000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –