Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 1.38164628 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.38717 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40142 |
| 2nd High | 1.3977 |
| Next High | 1.38717 |
| Current Price | 1.38136 |
| Next Low | 1.37994 |
| 2nd Low | 1.37685 |
| 3rd Low | 1.37341 |
1.38717 – 1.38605 – 1.38574 – 1.38231 – 1.37994 – 1.39251 —
1.38378 – 1.37991 —
41.397027902048 – 32.694942493809 —
– —
1.38717 – 1765382400
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –