Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.946735 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.9509 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Harami’ candle chart pattern is discovered. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95092 |
| Next High | 0.9509 |
| Current Price | 0.94852 |
| Next Low | 0.94795 |
| 2nd Low | 0.94691 |
| 3rd Low | 0.94534 |
0.9509 – 0.95026 – 0.95092 – 0.94795 – 0.94691 – 0.94534 —
0.95077 – 0.94839 —
60.197791068708 – 43.930647875573 —
– —
0.95090 – 1769522400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Harami – – – – – – – – –