And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.70818872 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.71317 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71443 |
| 2nd High | 0.71361 |
| Next High | 0.71317 |
| Current Price | 0.70946 |
| Next Low | 0.70559 |
| 2nd Low | 0.70261 |
| 3rd Low | 0.70149 |
0.71317 – 0.71317 – 0.7112 – 0.70861 – 0.70958 – 0.70665 —
0.71217 – 0.70697 —
52.141630894226 – 34.253762550891 —
– —
0.71317 – 1772213400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –