The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.91805 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.92106 should be noted.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
And also a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92431 |
| 2nd High | 0.92349 |
| Next High | 0.92106 |
| Current Price | 0.91846 |
| Next Low | 0.91805 |
| 2nd Low | 0.91763 |
| 3rd Low | 0.91429 |
0.92106 – 0.92106 – 0.92349 – 0.91805 – 0.91986 – 0.92013 —
0.91825 – 0.91877 —
27.856098815697 – 41.333397994319 —
– —
0.92106 – 1782984600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –