Then a ” indicator signal is existing. The indicator is ”. which could be a negative signal. The currency pair is likely to fall.
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Then a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 1.62599996 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 1.62918 could occur.
Consider stop-loss settings accordingly.
Then a ‘Bearish Harami’ candle pattern is detected. The chart forms ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63176 |
| 2nd High | 1.63174 |
| Next High | 1.62918 |
| Current Price | 1.62764 |
| Next Low | 1.62036 |
| 2nd Low | 1.61473 |
| 3rd Low | 1.61432 |
1.62918 – 1.62068 – 1.62066 – 1.62036 – 1.61473 – 1.61432 —
1.62360 – 1.62810 —
57.902356926466 – 71.296991851798 —
– —
1.62918 – 1769387400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Harami – – – – – – – – –