Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.93061892 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.93157 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93238 |
| 2nd High | 0.93165 |
| Next High | 0.93157 |
| Current Price | 0.93148 |
| Next Low | 0.92932 |
| 2nd Low | 0.92912 |
| 3rd Low | 0.92766 |
0.93022 – 0.92931 – 0.9306 – 0.92932 – 0.92912 – 0.92766 —
0.93126 – 0.93182 —
63.785803913775 – 67.390840278221 —
– —
0.93022 – 1767727800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –