EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 1.15905 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.15112 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16073 |
| 2nd High | 1.15969 |
| Next High | 1.15905 |
| Current Price | 1.15903 |
| Next Low | 1.15112 |
| 2nd Low | 1.1511 |
| 3rd Low | 1.15093 |
1.15855 – 1.15299 – 1.15203 – 1.15112 – 1.1511 – 1.15093 —
1.15726 – 1.15868 —
56.778866942384 – 58.640128971744 —
– —
1.15855 – 1764100800
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –