And also a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.95684568 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.96247 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.96247 |
| Current Price | 0.95836 |
| Next Low | 0.94644 |
| 2nd Low | 0.9445 |
| 3rd Low | 0.94416 |
0.95609 – 0.95718 – 0.96006 – 0.94644 – 0.94917 – 0.95197 —
0.95865 – 0.96089 —
76.056709621798 – 79.090403462945 —
– —
0.95609 – 1770285600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –