Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.95446 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.96406 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is existing. The candles form ‘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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97443 |
| 2nd High | 0.97299 |
| Next High | 0.96406 |
| Current Price | 0.95738 |
| Next Low | 0.95446 |
| 2nd Low | 0.94644 |
| 3rd Low | 0.9445 |
0.96406 – 0.97299 – 0.9708 – 0.95446 – 0.96313 – 0.95986 —
0.96259 – 0.95871 —
44.833718602498 – 38.340494030455 —
– —
0.96406 – 1772573400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –