Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.77449808 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.77517 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish SBS White Lines’ candle chart pattern is detected. The candles show ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77573 |
| 2nd High | 0.77536 |
| Next High | 0.77517 |
| Current Price | 0.77368 |
| Next Low | 0.77315 |
| 2nd Low | 0.77051 |
| 3rd Low | 0.76938 |
0.77517 – 0.77536 – 0.77573 – 0.77315 – 0.77051 – 0.77189 —
0.77511 – 0.77462 —
59.422239139164 – 42.743190258256 —
– —
0.77517 – 1772134200
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines – – – – – – – – –