The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.92018 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.92261 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92281 |
| 2nd High | 0.9227 |
| Next High | 0.92261 |
| Current Price | 0.91847 |
| Next Low | 0.92018 |
| 2nd Low | 0.91993 |
| 3rd Low | 0.91958 |
0.92261 – 0.92133 – 0.92184 – 0.92018 – 0.91993 – 0.91958 —
0.92015 – 0.91976 —
35.670332777528 – 29.091342549874 —
– —
0.92261 – 1781625600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –