Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.
Next a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.92851 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.92793 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92972 |
| 2nd High | 0.92912 |
| Next High | 0.92793 |
| Current Price | 0.92713 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.92793 – 0.92912 – 0.92972 – 0.92536 – 0.92556 – 0.92814 —
0.92626 – 0.92698 —
47.1980398849 – 54.339906714844 —
– —
0.92793 – 1768928400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –