Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 159.1545 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 159.743 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. 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 | |
| 2nd High | |
| Next High | 159.743 |
| Current Price | 159.33900 |
| Next Low | 159.25 |
| 2nd Low | 159.003 |
| 3rd Low | 158.566 |
159.743 – 159.68 – 159.428 – 159.25 – 159.003 – 159.008 —
159.45200 – 159.61800 —
46.330859358412 – 52.473458892436 —
– —
159.743 – 1773444600
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –