Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 0.79395 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.79395 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79577 |
| Next High | 0.79395 |
| Current Price | 0.79496 |
| Next Low | 0.78697 |
| 2nd Low | 0.78342 |
| 3rd Low | 0.7801 |
0.79241 – 0.79243 – 0.79395 – 0.78697 – 0.78342 – 0.7855 —
0.79277 – 0.79426 —
52.931198975644 – 62.172390564725 —
– —
0.79241 – 1774465200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –