Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 154.346602 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 155.638 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.656 |
| 2nd High | 156.29 |
| Next High | 155.638 |
| Current Price | 154.61700 |
| Next Low | 153.995 |
| 2nd Low | 153.549 |
| 3rd Low | 153.063 |
155.638 – 155.281 – 155.34 – 153.995 – 154.944 – 154.826 —
154.77300 – 155.04000 —
54.740077889621 – 57.620802135349 —
– —
155.638 – 1771585200
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –