Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.71569 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.71944 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. 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 | 0.72215 |
| 2nd High | 0.71995 |
| Next High | 0.71944 |
| Current Price | 0.71762 |
| Next Low | 0.7157 |
| 2nd Low | 0.71271 |
| 3rd Low | 0.71255 |
0.71944 – 0.71995 – 0.71356 – 0.7157 – 0.71271 – 0.71255 —
0.71912 – 0.71859 —
46.562019742092 – 47.368642943458 —
– —
0.71944 – 1777345200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –