There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 108.001114 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 108.996 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 108.996 |
| Current Price | 106.78200 |
| Next Low | 105.209 |
| 2nd Low | 104.718 |
| 3rd Low | 104.347 |
108.996 – 106.711 – 105.928 – 105.209 – 105.582 – 104.718 —
108.73000 – 106.88200 —
54.854768722259 – 43.048076952707 —
– —
108.99600 – 1769155200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –