Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.92059 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.92349 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92663 |
| 2nd High | 0.92659 |
| Next High | 0.92349 |
| Current Price | 0.91905 |
| Next Low | 0.91769 |
| 2nd Low | 0.91763 |
| 3rd Low | 0.91429 |
0.92349 – 0.92328 – 0.92349 – 0.91769 – 0.91986 – 0.92153 —
0.91908 – 0.91926 —
51.164414345269 – 46.642947881241 —
– —
0.92349 – 1782903600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – – – – – – – –