There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.95162 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.95896 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.95896 |
| Current Price | 0.94822 |
| Next Low | 0.94428 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.92979 |
0.95896 – 0.95453 – 0.95092 – 0.94428 – 0.9452 – 0.94649 —
0.94882 – 0.94806 —
47.048061323038 – 46.871061058966 —
– —
0.95896 – 1769670000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –