The pair breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 74.620000000 will continue.
Caution: A possible trend reversal in the direction of the support line at 71.580000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 73.96 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 74.620000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish 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 White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 76.190000000 |
2nd High | 75.880000000 |
Next High | 74.620000000 |
Current Price | 74.490000000 |
Next Low | 71.580000000 |
2nd Low | 71.080000000 |
3rd Low | 70.640000000 |