The currency pair goes from the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 74.380000000 is certain.
Caution: A possible change in the direction of the support line at 71.080000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 73.05 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 74.380000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 75.880000000 |
2nd High | 74.620000000 |
Next High | 74.380000000 |
Current Price | 73.320000000 |
Next Low | 71.080000000 |
2nd Low | 70.640000000 |
3rd Low | 70.170000000 |