Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.95092 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.95092 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘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 success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.95092 |
| Current Price | 0.94982 |
| Next Low | 0.94691 |
| 2nd Low | 0.94534 |
| 3rd Low | 0.94255 |
0.95092 – 0.94945 – 0.94504 – 0.94691 – 0.94534 – 0.94255 —
0.94903 – 0.94919 —
55.558021674519 – 55.975880938022 —
– —
0.95092 – 1769454000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –