The pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline down.
A descent down to the next support line at 0.917 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.92053 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92357 |
| 2nd High | 0.92321 |
| Next High | 0.92053 |
| Current Price | 0.91816 |
| Next Low | 0.917 |
| 2nd Low | 0.91598 |
| 3rd Low | 0.91587 |
0.91851 – 0.91741 – 0.9181 – 0.917 – 0.91598 – 0.91587 —
0.91876 – 0.91916 —
60.576298694358 – 62.365123295456 —
– —
0.91851 – 1776871800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –