EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 1.16155 is likely expected.
Caution: A possible counter-trend in the direction of support at 1.1589 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16533 |
| 2nd High | 1.16243 |
| Next High | 1.16155 |
| Current Price | 1.16307 |
| Next Low | 1.1589 |
| 2nd Low | 1.15811 |
| 3rd Low | 1.15762 |
1.16155 – 1.16071 – 1.16017 – 1.1589 – 1.15903 – 1.15811 —
1.15960 – 1.16255 —
49.028531056016 – 69.247088733958 —
– —
1.16155 – 1764558000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –