Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 184.098064 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 184.677 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 185.568 |
| Next High | 184.677 |
| Current Price | 184.48900 |
| Next Low | 184.284 |
| 2nd Low | 184.257 |
| 3rd Low | 183.644 |
184.677 – 185.568 – 185.567 – 184.284 – 185.064 – 184.257 —
184.40900 – 184.53000 —
40.851517717173 – 49.470606953649 —
– —
184.67700 – 1768431600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top chart pattern – – – – – – – –