The pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.91728 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.91918 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 0.9184952 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.91918 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ candlestick pattern is detected. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92321 |
| 2nd High | 0.92053 |
| Next High | 0.91918 |
| Current Price | 0.91899 |
| Next Low | 0.91728 |
| 2nd Low | 0.91698 |
| 3rd Low | 0.91598 |
0.91892 – 0.919 – 0.91918 – 0.91728 – 0.91698 – 0.917 —
0.91892 – 0.91923 —
55.240766598579 – 59.718090817711 —
– —
0.91892 – 1776985200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – – – – – –