Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.15069 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.1645 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.1667 |
| Next High | 1.1645 |
| Current Price | 1.15386 |
| Next Low | 1.15069 |
| 2nd Low | 1.15014 |
| 3rd Low | 1.15008 |
1.1645 – 1.1667 – 1.16632 – 1.16025 – 1.16066 – 1.15069 —
1.15735 – 1.15551 —
34.805889641382 – 37.54004292451 —
– —
1.1645 – 1773223200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –