Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 0.93166 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.93166 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93195 |
| 2nd High | 0.93176 |
| Next High | 0.93166 |
| Current Price | 0.93067 |
| Next Low | 0.92894 |
| 2nd Low | 0.92757 |
| 3rd Low | 0.9258 |
0.93166 – 0.93109 – 0.92869 – 0.92894 – 0.93023 – 0.92757 —
0.93027 – 0.93035 —
51.583074429995 – 51.745275630498 —
– —
0.93166 – 1762228800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – –