Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.80430176 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.81512 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Harami’ candle pattern is detected. The candles form ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82479 |
| 2nd High | 0.82151 |
| Next High | 0.81512 |
| Current Price | 0.80666 |
| Next Low | 0.80335 |
| 2nd Low | 0.80302 |
| 3rd Low | 0.80096 |
0.81512 – 0.81077 – 0.81198 – 0.80335 – 0.80302 – 0.80096 —
0.80643 – 0.80925 —
42.44984435568 – 44.278973537255 —
– —
0.81512 – 1783987200
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami – – – – – – – – –