In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.92931 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.9306 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93165 |
| 2nd High | 0.93157 |
| Next High | 0.9306 |
| Current Price | 0.92820 |
| Next Low | 0.92697 |
| 2nd Low | 0.92577 |
| 3rd Low | 0.92068 |
0.9306 – 0.93157 – 0.93165 – 0.92697 – 0.92974 – 0.92755 —
0.92890 – 0.92811 —
45.916251667554 – 43.507014792916 —
– —
0.93060 – 1767614400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –