Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.43641668 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.44326 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.44669 |
2nd High | 1.44492 |
Next High | 1.44326 |
Current Price | 1.43820 |
Next Low | 1.43379 |
2nd Low | 1.43349 |
3rd Low | 1.43043 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows