Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.79743 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.80179 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Harami’ candlestick chart pattern is existing. The chart forms ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80646 |
| 2nd High | 0.80423 |
| Next High | 0.80179 |
| Current Price | 0.79794 |
| Next Low | 0.79775 |
| 2nd Low | 0.79766 |
| 3rd Low | 0.79743 |
0.80179 – 0.80144 – 0.79909 – 0.79775 – 0.79766 – 0.79743 —
0.80051 – 0.79853 —
40.053689303812 – 34.16080390984 —
– —
0.80179 – 1775449800
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami – – – – – – – – –