EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.14353 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.13862 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14569 |
| 2nd High | 1.14388 |
| Next High | 1.14353 |
| Current Price | 1.14038 |
| Next Low | 1.13862 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.14353 – 1.14305 – 1.14388 – 1.13862 – 1.13713 – 1.14308
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji