Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16304 |
| 2nd High | 1.16267 |
| Next High | 1.16051 |
| Current Price | 1.15333 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.16051 – 1.16267 – 1.15784 – 1.15087 – 1.15759 – 1.14571 —
1.15322 – 1.15489 —
45.558583165724 – 54.23209356297 —
– —
1.16051 – 1775102400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –