Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.95446 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.96681 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97443 |
| 2nd High | 0.97299 |
| Next High | 0.96681 |
| Current Price | 0.95636 |
| Next Low | 0.95446 |
| 2nd Low | 0.94644 |
| 3rd Low | 0.94416 |
0.96681 – 0.97299 – 0.97443 – 0.95641 – 0.95446 – 0.95986 —
0.96345 – 0.95942 —
41.836142286687 – 34.46199626759 —
– —
0.96681 – 1772658000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –