Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
Also there is a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. 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 is considered certain. Target of the current trend is 184.327944 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 183.9 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.554 |
| 2nd High | 185.035 |
| Next High | 183.9 |
| Current Price | 183.72200 |
| Next Low | 182.039 |
| 2nd Low | 181.866 |
| 3rd Low | 181.409 |
183.9 – 185.035 – 184.031 – 182.039 – 184.508 – 183.661 —
183.85300 – 183.65800 —
51.895598947732 – 42.794975938957 —
– —
183.9 – 1778094000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –