EUR/JPY – 1H – BUYNext a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will persist. Target of the current trend is 183.15261 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 183.643 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ candle chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.422 |
| 2nd High | 184.061 |
| Next High | 183.643 |
| Current Price | 182.95200 |
| Next Low | 182.807 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.643 – 184.061 – 184.422 – 182.807 – 183.709 – 183.534 —
183.35200 – 182.93200 —
53.59166801607 – 39.756065581226 —
– —
183.64300 – 1767664800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –