AUD/USD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.69686 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.70549 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70937 |
| 2nd High | 0.70821 |
| Next High | 0.70549 |
| Current Price | 0.69830 |
| Next Low | 0.69686 |
| 2nd Low | 0.6901 |
| 3rd Low | 0.68339 |
0.70549 – 0.70821 – 0.70937 – 0.69686 – 0.70204 – 0.69766 —
0.70065 – 0.70013 —
30.740442788066 – 39.759550869567 —
– —
0.70549 – 1769736600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –