Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.70881396 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 0.71178 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Harami’ candle chart pattern is existing. The candles show ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71604 |
| 2nd High | 0.71478 |
| Next High | 0.71178 |
| Current Price | 0.71124 |
| Next Low | 0.70443 |
| 2nd Low | 0.69792 |
| 3rd Low | 0.69558 |
0.71178 – 0.7094 – 0.70823 – 0.70443 – 0.69792 – 0.70155 —
0.71055 – 0.71100 —
57.57698477258 – 56.849563931952 —
– —
0.71178 – 1773763200
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami – – – – – – – – –