In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.62483 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.63721 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘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 | 1.64581 |
| 2nd High | 1.64243 |
| Next High | 1.63721 |
| Current Price | 1.62708 |
| Next Low | 1.62483 |
| 2nd Low | 1.61997 |
| 3rd Low | 1.61282 |
1.63721 – 1.63348 – 1.64243 – 1.62483 – 1.62796 – 1.6298 —
1.63637 – 1.62981 —
68.55537028496 – 40.328685427347 —
– —
1.63721 – 1777968000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –