And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.63363 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.63347 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 1.64243 |
| 2nd High | 1.64015 |
| Next High | 1.63347 |
| Current Price | 1.62977 |
| Next Low | 1.62483 |
| 2nd Low | 1.61997 |
| 3rd Low | 1.61356 |
1.63347 – 1.64015 – 1.64243 – 1.62483 – 1.62796 – 1.62982 —
1.62764 – 1.62826 —
45.137546106759 – 54.137983674279 —
– —
1.63347 – 1777640400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –