The currency pair breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.009180000 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.008311000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.010280000 |
2nd High | 0.009473000 |
Next High | 0.009180000 |
Current Price | 0.009176000 |
Next Low | 0.008311000 |
2nd Low | 0.006731000 |
3rd Low | 0.005957000 |