Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will continue. Current target is 0.96626434 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.97102 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97594 |
| Next High | 0.97102 |
| Current Price | 0.96521 |
| Next Low | 0.96363 |
| 2nd Low | 0.96331 |
| 3rd Low | 0.95905 |
0.97102 – 0.97594 – 0.97397 – 0.96363 – 0.96637 – 0.96953 —
0.96519 – 0.96518 —
40.073158707048 – 40.713942600572 —
– —
0.97102 – 1773325800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –