Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.78782 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.79202 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80006 |
| 2nd High | 0.79841 |
| Next High | 0.79202 |
| Current Price | 0.79001 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.79202 – 0.79841 – 0.80006 – 0.78894 – 0.78782 – 0.79622 —
0.79189 – 0.79253 —
56.872857065559 – 54.125848691458 —
– —
0.79202 – 1768926600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –