Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘MACD-Hist Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.57601 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.57601 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57937 |
| 2nd High | 1.57689 |
| Next High | 1.57601 |
| Current Price | 1.57347 |
| Next Low | 1.57209 |
| 2nd Low | 1.56543 |
| 3rd Low | 1.56202 |
1.57601 – 1.57017 – 1.57467 – 1.57209 – 1.56543 – 1.56619 —
1.57345 – 1.57224 —
55.744742385845 – 47.073526259847 —
– —
1.57601 – 1773698400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –