The combination Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.91769 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91903 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘MACD Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘MACD Hidden Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92349 |
| 2nd High | 0.92106 |
| Next High | 0.91903 |
| Current Price | 0.91839 |
| Next Low | 0.91769 |
| 2nd Low | 0.91763 |
| 3rd Low | 0.91429 |
0.91903 – 0.92106 – 0.92106 – 0.91769 – 0.91805 – 0.91986 —
0.91903 – 0.91852 —
48.221274590442 – 42.666228352486 —
0.91903 – 1783049400 —
– 1783049400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –