There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.9554672 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.95896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.95896 |
| Current Price | 0.95790 |
| Next Low | 0.94416 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.92979 |
0.94991 – 0.95896 – 0.95453 – 0.94416 – 0.94428 – 0.9452 —
0.95325 – 0.96223 —
67.022610304977 – 73.753675834406 —
– —
0.94991 – 1769792400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double top chart pattern – – – – – – – –