Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.15770532 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.15955 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 1.16073 |
| 2nd High | 1.15969 |
| Next High | 1.15955 |
| Current Price | 1.15785 |
| Next Low | 1.15654 |
| 2nd Low | 1.15112 |
| 3rd Low | 1.1511 |
1.15955 – 1.15855 – 1.15299 – 1.15654 – 1.15112 – 1.1511 —
1.15767 – 1.15798 —
48.246131508959 – 36.468951855898 —
– —
1.15955 – 1764144000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –