And also a ‘Double bottom chart pattern’ chart formation is detected. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.
And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.41068 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.41043 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41258 |
| 2nd High | 1.41068 |
| Next High | 1.41043 |
| Current Price | 1.41083 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.41043 – 1.41068 – 1.40649 – 1.40911 – 1.40889 – 1.40812 —
1.41146 – 1.41060 —
63.821650218656 – 49.688645754655 —
– —
1.41043 – 1763953200
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –