The combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
A descending movement down to the next support line at 0.9217 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.92431 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. 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 | 0.92659 |
| 2nd High | 0.92613 |
| Next High | 0.92431 |
| Current Price | 0.92302 |
| Next Low | 0.9217 |
| 2nd Low | 0.9197 |
| 3rd Low | 0.91968 |
0.92281 – 0.92245 – 0.92274 – 0.9217 – 0.9197 – 0.92026 —
0.92208 – 0.92349 —
48.564608626436 – 66.681344288993 —
– —
0.92281 – 1782725400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –