EUR/USD – 30M – SELLIn addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1.18946 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.19741 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Southern Doji’ candle chart pattern is found. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.20257 |
| 2nd High | 1.1996 |
| Next High | 1.19741 |
| Current Price | 1.18947 |
| Next Low | 1.18946 |
| 2nd Low | 1.185 |
| 3rd Low | 1.18345 |
1.19741 – 1.19721 – 1.1996 – 1.18979 – 1.18946 – 1.18952 —
1.19351 – 1.19167 —
52.020308475702 – 39.358545461189 —
– —
1.19741 – 1769736600
Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –