Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.15129304 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 1.15522 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15969 |
| 2nd High | 1.15905 |
| Next High | 1.15522 |
| Current Price | 1.15220 |
| Next Low | 1.15014 |
| 2nd Low | 1.15008 |
| 3rd Low | 1.14682 |
1.15203 – 1.15522 – 1.15496 – 1.15014 – 1.15231 – 1.15008 —
1.15086 – 1.15214 —
45.561812592953 – 58.967568881511 —
– —
1.15203 – 1763766000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –