AUD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.925665 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.93445 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93445 |
| Current Price | 0.93008 |
| Next Low | 0.9284 |
| 2nd Low | 0.92418 |
| 3rd Low | 0.92317 |
0.93445 – 0.92696 – 0.9196 – 0.9284 – 0.92418 – 0.92317 —
0.93321 – 0.93095 —
68.680602822378 – 45.328956308541 —
– —
0.93445 – 1767765600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – – – – – –