The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.91787 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.91965 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘MACD Hidden Bearish Divergence’ indicator signal is existing. The indicator shows ‘MACD Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92349 |
| 2nd High | 0.92106 |
| Next High | 0.91965 |
| Current Price | 0.91883 |
| Next Low | 0.91787 |
| 2nd Low | 0.91769 |
| 3rd Low | 0.91763 |
0.91965 – 0.91903 – 0.92106 – 0.91787 – 0.91769 – 0.91805 —
0.91965 – 0.91920 —
68.986461275543 – 54.029771901686 —
0.91965 – 1783087200 —
– 1783087200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –