Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. 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 is expected. Current target is 1.5892 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 1.58343 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61722 |
| 2nd High | 1.61701 |
| Next High | 1.58343 |
| Current Price | 1.57711 |
| Next Low | 1.56202 |
| 2nd Low | 1.56118 |
| 3rd Low | 1.5573 |
1.58343 – 1.61701 – 1.61662 – 1.56202 – 1.56118 – 1.58357 —
1.57013 – 1.57373 —
46.290862916981 – 51.585746341047 —
– —
1.58343 – 1773172800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –