EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.14393 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.14051 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14569 |
| 2nd High | 1.14473 |
| Next High | 1.14393 |
| Current Price | 1.14814 |
| Next Low | 1.14051 |
| 2nd Low | 1.13726 |
| 3rd Low | 1.13713 |
1.14393 – 1.14473 – 1.14353 – 1.14051 – 1.14057 – 1.14153
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji