EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish trend up to the next resistance at 1.15496 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.15231 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15969 |
| 2nd High | 1.15905 |
| Next High | 1.15496 |
| Current Price | 1.15207 |
| Next Low | 1.15231 |
| 2nd Low | 1.15008 |
| 3rd Low | 1.14682 |
1.15496 – 1.15417 – 1.15905 – 1.15231 – 1.15008 – 1.15095 —
1.15461 – 1.15266 —
57.202371781947 – 34.448534469419 —
– —
1.15496 – 1763656200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – –