Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.91231768 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.9149 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency 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 | 0.91609 |
| 2nd High | 0.91608 |
| Next High | 0.9149 |
| Current Price | 0.91286 |
| Next Low | 0.91209 |
| 2nd Low | 0.91152 |
| 3rd Low | 0.91101 |
0.9149 – 0.91424 – 0.91293 – 0.91209 – 0.91243 – 0.91152 —
0.91328 – 0.91313 —
44.893583101883 – 44.443470136818 —
– —
0.9149 – 1771853400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –