Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.1529202 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.15293 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1645 |
| 2nd High | 1.15659 |
| Next High | 1.15293 |
| Current Price | 1.14971 |
| Next Low | 1.14139 |
| 2nd Low | 1.14104 |
| 3rd Low | 1.14051 |
1.14562 – 1.14897 – 1.15293 – 1.14139 – 1.14104 – 1.14324 —
1.14874 – 1.14933 —
64.148473032036 – 56.885180637651 —
– —
1.14562 – 1773633600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –