Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.97787 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.98467 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.98581 |
| 2nd High | 0.98517 |
| Next High | 0.98467 |
| Current Price | 0.97811 |
| Next Low | 0.97787 |
| 2nd Low | 0.97648 |
| 3rd Low | 0.97643 |
0.98467 – 0.98282 – 0.98517 – 0.98124 – 0.98151 – 0.97787 —
0.98275 – 0.98059 —
46.386887022704 – 34.453124293702 —
– —
0.98467 – 1784149200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –