Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 99.061 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 101.02600 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish 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’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 102.39800 |
2nd High | 101.55400 |
Next High | 101.02600 |
Current Price | 99.46300 |
Next Low | 99.06100 |
2nd Low | 98.34100 |
3rd Low | 98.02200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows