Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘MACD-Hist Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.635365 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.63719 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64182 |
| 2nd High | 1.6398 |
| Next High | 1.63719 |
| Current Price | 1.63263 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.63719 – 1.6398 – 1.64182 – 1.62891 – 1.63023 – 1.63448 —
1.63239 – 1.63130 —
51.639078408829 – 52.072252948165 —
– —
1.63719 – 1777280400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –