Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
Next a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Support & Resistance | Price Range* |
---|---|
3rd High | 148.27600 |
2nd High | 147.14000 |
Next High | 145.92000 |
Current Price | 144.19300 |
Next Low | 142.50600 |
2nd Low | 142.16000 |
3rd Low | 141.96400 |
145.92000 – 145.73100 – 144.74000 – 145.23700 – 142.50600 – 142.16000
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold