Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. 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 is likely expected. Target of the current trend is 0.923995 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.92543 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92592 |
| 2nd High | 0.92563 |
| Next High | 0.92543 |
| Current Price | 0.92332 |
| Next Low | 0.92238 |
| 2nd Low | 0.92207 |
| 3rd Low |
0.92543 – 0.92563 – 0.92562 – 0.92238 – 0.9245 – 0.9239 —
0.92280 – 0.92297 —
29.265657633948 – 36.279817872537 —
0.92238 – 1784298600 —
0.92543 – 1784262600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up – – – – – – – – –