And also a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘RSI Hidden Bullish Divergence’. chart scenario.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.64149 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.64297 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64628 |
| 2nd High | 1.64496 |
| Next High | 1.64297 |
| Current Price | 1.63927 |
| Next Low | 1.63792 |
| 2nd Low | 1.6367 |
| 3rd Low | 1.63371 |
1.64297 – 1.64287 – 1.64496 – 1.63792 – 1.6367 – 1.6414 —
1.64237 – 1.63885 —
57.833637992047 – 38.427586342067 —
– —
1.64297 – 1781537400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –