Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.77788 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.7848 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79339 |
| 2nd High | 0.79247 |
| Next High | 0.7848 |
| Current Price | 0.77751 |
| Next Low | 0.77749 |
| 2nd Low | 0.77649 |
| 3rd Low | 0.77478 |
0.7848 – 0.78474 – 0.78183 – 0.77788 – 0.78828 – 0.78306 —
0.78151 – 0.78080 —
36.825268821032 – 29.302619383109 —
– —
0.7848 – 1777968000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –