There is also a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.62269 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.63936 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.6403 |
| Next High | 1.63936 |
| Current Price | 1.61908 |
| Next Low | 1.61066 |
| 2nd Low | 1.60602 |
| 3rd Low | 1.59283 |
1.63936 – 1.62623 – 1.62259 – 1.61423 – 1.61066 – 1.61434 —
1.61776 – 1.61457 —
34.026544198851 – 37.393919252165 —
– —
1.63936 – 1769544000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Head and Shoulder chart pattern – – – – – – – –