Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.78585 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.78585 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish SBS White Lines’ candle chart pattern is found. The chart shows ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80108 |
| 2nd High | 0.79339 |
| Next High | 0.78585 |
| Current Price | 0.78460 |
| Next Low | 0.77918 |
| 2nd Low | 0.77826 |
| 3rd Low | 0.77751 |
0.78585 – 0.78257 – 0.78392 – 0.77918 – 0.77826 – 0.77751 —
0.78514 – 0.78572 —
58.922483936478 – 46.234766474354 —
– —
0.78585 – 1776913200
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines – – – – – – – – –