In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.96270508 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.96636 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish 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 | 0.96838 |
| 2nd High | 0.9664 |
| Next High | 0.96636 |
| Current Price | 0.96414 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.96636 – 0.9664 – 0.96838 – 0.96116 – 0.96313 – 0.96352 —
0.96485 – 0.96557 —
52.008508753537 – 51.32858100222 —
– —
0.96636 – 1771542000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –