In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.92578 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.92578 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93253 |
| 2nd High | 0.93108 |
| Next High | 0.92578 |
| Current Price | 0.92664 |
| Next Low | 0.92068 |
| 2nd Low | 0.91789 |
| 3rd Low |
0.92306 – 0.92299 – 0.92301 – 0.92068 – 0.92209 – 0.92135 —
0.92536 – 0.92591 —
66.122642966 – 58.85765050766 —
– —
0.92306 – 1763418600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – –