Additionally a ‘MACD Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.80952312 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.80925 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Up’ candle chart pattern is found. The candles show ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81143 |
| 2nd High | 0.80967 |
| Next High | 0.80925 |
| Current Price | 0.80773 |
| Next Low | 0.80641 |
| 2nd Low | 0.80335 |
| 3rd Low |
0.80925 – 0.80967 – 0.80643 – 0.80641 – 0.80766 – 0.80335 —
0.80710 – 0.80721 —
27.931011964682 – 38.322269161433 —
0.80641 – 1784287800 —
0.80925 – 1784275200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –