There is also a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.92056 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.9231 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Two Crows’ candle chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92867 |
| 2nd High | 0.92663 |
| Next High | 0.9231 |
| Current Price | 0.92102 |
| Next Low | 0.92086 |
| 2nd Low | 0.92083 |
| 3rd Low | 0.92056 |
0.9231 – 0.92266 – 0.92187 – 0.92086 – 0.92083 – 0.92056 —
0.92139 – 0.92122 —
47.389559494877 – 46.755126051091 —
– —
0.9231 – 1775451600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – Rising Wedge Chart Pattern – – – – – – – –