Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.80393 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.80393 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.80621 |
| 2nd High | 0.80528 |
| Next High | 0.80393 |
| Current Price | 0.80326 |
| Next Low | 0.80196 |
| 2nd Low | 0.79951 |
| 3rd Low | 0.79914 |
0.80393 – 0.80145 – 0.80118 – 0.80196 – 0.79951 – 0.79914 —
0.80348 – 0.80284 —
56.275286837565 – 47.327645467749 —
– —
0.80393 – 1764887400
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –