Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.77644 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.77857 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77888 |
| 2nd High | 0.77869 |
| Next High | 0.77857 |
| Current Price | 0.77584 |
| Next Low | 0.77419 |
| 2nd Low | 0.77383 |
| 3rd Low | 0.77139 |
0.77857 – 0.77837 – 0.77869 – 0.7761 – 0.77419 – 0.77492 —
0.77813 – 0.77674 —
56.120043121423 – 34.753493006777 —
– —
0.77857 – 1770373800
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –