As for EUR/CHF the pair has already missed the last two pivot points on daily settings. Pivot points usually work as some kind of "gravity" for the price value, meaning, a high chance of reversal when missed. Furthermore MACD has just crossed in a 2H chart. 4 EMA indicators, set similarly to work as Alligator (following the current price rather than the average price) are almost about to cross each other. Altogether signs of a reversal are obvious and it could keep going down for an estimated of 2-4 more days. Here I attach some candlestick patterns suggesting also a reversal.
Investing.com : https://gyazo.com/f118d6e7a797ae844ae405837c5c45f2
NOTE: This is my own analysis, follow it under your own risk. Also this is my first public idea... Comment what should I improve. Thank you.
Prediction :
Investing.com : https://gyazo.com/f118d6e7a797ae844ae405837c5c45f2
NOTE: This is my own analysis, follow it under your own risk. Also this is my first public idea... Comment what should I improve. Thank you.
Prediction :
تعليق:
4H later the pair kept on going down and just reached the 1st pivot point. Will it keep on going downwards? Probably...
تعليق:
Candlesticks touched the the 1st missing pivot point and retreated.