AUD/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.639385 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.64389 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.64389 |
| Current Price | 0.64113 |
| Next Low | 0.63488 |
| 2nd Low | 0.63330 |
| 3rd Low | 0.63220 |
0.64050 – 0.64389 – 0.64373 – 0.63488 – 0.64009 – 0.64017