There is also a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.94662 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.95092 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.95092 |
| Current Price | 0.94827 |
| Next Low | 0.94691 |
| 2nd Low | 0.94534 |
| 3rd Low | 0.94255 |
0.95092 – 0.94945 – 0.94504 – 0.94691 – 0.94534 – 0.94255 —
0.94948 – 0.95020 —
55.291611251203 – 56.7712506795 —
– —
0.95092 – 1769454000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double top retreat up – – – – – – – –