The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.92169 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.92357 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92653 |
| 2nd High | 0.92628 |
| Next High | 0.92357 |
| Current Price | 0.92267 |
| Next Low | 0.92169 |
| 2nd Low | 0.92143 |
| 3rd Low | 0.91969 |
0.92357 – 0.92351 – 0.92315 – 0.92169 – 0.92143 – 0.91969 —
0.92294 – 0.92318 —
49.391046762181 – 55.164148859836 —
– —
0.92357 – 1776371400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –