Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.91434 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.93072 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9367 |
| 2nd High | 0.93492 |
| Next High | 0.93072 |
| Current Price | 0.91751 |
| Next Low | 0.91434 |
| 2nd Low | |
| 3rd Low |
0.93072 – 0.93492 – 0.93257 – 0.91434 – 0.91629 – 0.91884 —
0.91728 – 0.91945 —
39.071962591649 – 51.266659988462 —
– —
0.93072 – 1769025600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –