Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.35425554 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.35854 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36063 |
| 2nd High | 1.36013 |
| Next High | 1.35854 |
| Current Price | 1.35590 |
| Next Low | 1.35418 |
| 2nd Low | 1.35252 |
| 3rd Low | 1.35039 |
1.35854 – 1.36013 – 1.35809 – 1.35418 – 1.35599 – 1.35252 —
1.35844 – 1.35724 —
55.977380650163 – 44.605577780896 —
– —
1.35854 – 1773185400
Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – – – – – – – – –