The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.91572 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘RSI Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘StochRSI Bearish Divergence’ indicator layout is found. The indicator is ‘StochRSI Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘MACD Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘MACD Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.
In addition a ‘MACD-Hist Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Hidden Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a negative 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9178 |
| 2nd High | 0.91756 |
| Next High | 0.91572 |
| Current Price | 0.91429 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91572 – 0.91756 – 0.91676 – 0.91364 – 0.91451 – 0.91489 —
0.91572 – 0.91547 —
46.96203705688 – 52.916666806053 —
0.91572 – 1778166000 —
– 1778166000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –