In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.93048 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 0.93048 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93253 |
| 2nd High | 0.93108 |
| Next High | 0.93048 |
| Current Price | 0.92869 |
| Next Low | 0.92822 |
| 2nd Low | 0.92544 |
| 3rd Low | 0.92068 |
0.93048 – 0.92961 – 0.92954 – 0.92822 – 0.92859 – 0.92544 —
0.92950 – 0.92937 —
51.297977319482 – 45.970962245183 —
– —
0.93048 – 1763658000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – –