Next a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.4905 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.485 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.556 |
| 2nd High | 1.547 |
| Next High | 1.485 |
| Current Price | 1.477000000 |
| Next Low | 1.425 |
| 2nd Low | 1.235 |
| 3rd Low | 1.225 |
1.485 – 1.547 – 1.556 – 1.425 – 1.431 – 1.511 —
1.460000000 – 1.457000000 —
49.699464695521 – 45.420460494985 —
– —
1.485 – 1772973000