Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.3530428 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.3652 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3971 |
| 2nd High | 0.3739 |
| Next High | 0.3652 |
| Current Price | 0.359100000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.3652 – 0.3739 – 0.363 – 0.3577 – 0.3554 – 0.3627 —
0.361700000 – 0.360900000 —
50.71017422675 – 49.853904678554 —
– —
0.36520 – 1769142600