EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.16725 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.17024 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The 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 | 1.17644 |
| 2nd High | 1.17425 |
| Next High | 1.17024 |
| Current Price | 1.16852 |
| Next Low | 1.16725 |
| 2nd Low | 1.16586 |
| 3rd Low | 1.16212 |
1.17024 – 1.17425 – 1.17284 – 1.16725 – 1.16834 – 1.17101 —
1.16909 – 1.16984 —
48.31142161811 – 46.756969770527 —
– —
1.17024 – 1767758400
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –