There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 108.063628 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 108.886 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.638 |
| 2nd High | 109.48 |
| Next High | 108.886 |
| Current Price | 108.22700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
108.886 – 108.712 – 108.785 – 108.374 – 107.678 – 107.687 —
108.60400 – 108.73100 —
53.060573646193 – 52.264374170004 —
– —
108.886 – 1771245000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –