The combination breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 0.544900000 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.536600000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.5449 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.544900000 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.553200000 |
2nd High | 0.550000000 |
Next High | 0.544900000 |
Current Price | 0.543700000 |
Next Low | 0.536600000 |
2nd Low | 0.531500000 |
3rd Low | 0.525200000 |