Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 0.94742152 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.94991 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Above the Stomach’ chart pattern is found. The chart shows ‘Above the Stomach’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95605 |
| 2nd High | 0.95145 |
| Next High | 0.94991 |
| Current Price | 0.94590 |
| Next Low | 0.94428 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.94232 |
0.94991 – 0.95145 – 0.95605 – 0.94428 – 0.94444 – 0.9452 —
0.94760 – 0.94683 —
50.012898729674 – 40.656587886892 —
– —
0.94991 – 1769794200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Above the Stomach – – – – – – – – –