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 0.80647 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.80975 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81345 |
| 2nd High | 0.81198 |
| Next High | 0.80975 |
| Current Price | 0.80390 |
| Next Low | 0.80096 |
| 2nd Low | 0.79097 |
| 3rd Low | 0.78716 |
0.80975 – 0.81198 – 0.81012 – 0.80096 – 0.80777 – 0.80727 —
0.80388 – 0.80346 —
40.466662968447 – 41.10734551505 —
– —
0.80975 – 1782948600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –