Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.16826 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.16826 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17024 |
| 2nd High | 1.16984 |
| Next High | 1.16826 |
| Current Price | 1.16925 |
| Next Low | 1.16212 |
| 2nd Low | 1.16178 |
| 3rd Low | 1.16147 |
1.16709 – 1.16604 – 1.16621 – 1.16212 – 1.16178 – 1.16457 —
1.16955 – 1.16872 —
74.57147108517 – 58.434100371061 —
– —
1.16709 – 1768186800
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –