Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.80274 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 0.80274 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.80274 |
| Current Price | 0.80240 |
| Next Low | 0.79832 |
| 2nd Low | 0.79556 |
| 3rd Low | 0.79438 |
0.80274 – 0.80175 – 0.79592 – 0.79832 – 0.79556 – 0.79859 —
0.80110 – 0.80120 —
58.662228397706 – 56.59558869316 —
– —
0.80274 – 1768384800
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –