Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.93056092 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.93196 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93278 |
| 2nd High | 0.93238 |
| Next High | 0.93196 |
| Current Price | 0.93105 |
| Next Low | 0.93018 |
| 2nd Low | 0.92932 |
| 3rd Low | 0.92912 |
0.93196 – 0.9319 – 0.93186 – 0.93018 – 0.93097 – 0.93106 —
0.93102 – 0.93132 —
44.050901322873 – 46.042171810947 —
– —
0.93196 – 1767934800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – – – – – –