The pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.91484 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.91608 could occur.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. 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 | 0.9178 |
| 2nd High | 0.91756 |
| Next High | 0.91608 |
| Current Price | 0.91481 |
| Next Low | 0.91484 |
| 2nd Low | 0.91332 |
| 3rd Low | 0.91168 |
0.91608 – 0.91565 – 0.91572 – 0.91484 – 0.91332 – 0.91443 —
0.91575 – 0.91538 —
49.431505669802 – 44.864393947087 —
– —
0.91608 – 1778250600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –