EUR/USD – 1H – BUYAdditionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.16693496 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1.16613 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1698 |
| 2nd High | 1.16773 |
| Next High | 1.16613 |
| Current Price | 1.16434 |
| Next Low | 1.15766 |
| 2nd Low | 1.15549 |
| 3rd Low | 1.15467 |
1.16613 – 1.16773 – 1.1698 – 1.15766 – 1.15927 – 1.16337 —
1.16469 – 1.16457 —
64.858556343638 – 57.601112150036 —
– —
1.16613 – 1768413600
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –