Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 142.061214 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 143.89300 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Southern Doji’ candlestick pattern is existing. The chart forms ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 144.07800 |
2nd High | 144.02700 |
Next High | 143.89300 |
Current Price | 142.69900 |
Next Low | |
2nd Low | |
3rd Low |
143.89300 – 143.87500 – 144.02700 – 143.28500 – 143.22100 – 142.27500
Trading Signals: FOREX – USD – USD/JPY – JPY – Southern Doji