Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 98.282476 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 98.25800 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 98.43800 |
2nd High | 98.40500 |
Next High | 98.25800 |
Current Price | 98.21200 |
Next Low | 97.83600 |
2nd Low | 97.77900 |
3rd Low | 97.74000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers