EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 1.17644 is certain.
Caution: A possible counter-trend in the direction of support at 1.17101 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17886 |
| 2nd High | 1.17795 |
| Next High | 1.17644 |
| Current Price | 1.17359 |
| Next Low | 1.17101 |
| 2nd Low | 1.16586 |
| 3rd Low |
1.17284 – 1.16944 – 1.17644 – 1.17101 – 1.16586 – 1.16719 —
1.17167 – 1.17346 —
56.620163583422 – 64.280893818975 —
1.17101 – 1767666600 —
1.17284 – 1767648600
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –