And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.80093284 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.80528 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80833 |
| 2nd High | 0.80621 |
| Next High | 0.80528 |
| Current Price | 0.80200 |
| Next Low | 0.79959 |
| 2nd Low | 0.79852 |
| 3rd Low | 0.79376 |
0.80528 – 0.80497 – 0.80469 – 0.80392 – 0.79959 – 0.80236 —
0.80327 – 0.80282 —
31.736375473905 – 32.401075609948 —
– —
0.80528 – 1764676800
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –