In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62214 |
| 2nd High | 1.62013 |
| Next High | 1.61567 |
| Current Price | 1.61137 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.61567 – 1.61458 – 1.62013 – 1.61055 – 1.61139 – 1.6111 —
1.61294 – 1.61257 —
48.558463259552 – 44.077072835157 —
– —
1.61567 – 1770116400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – – – – – – – – –