Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.977785 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.98062 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.98648 |
| 2nd High | 0.98335 |
| Next High | 0.98062 |
| Current Price | 0.97562 |
| Next Low | 0.97389 |
| 2nd Low | 0.97222 |
| 3rd Low | 0.96835 |
0.98062 – 0.97992 – 0.98335 – 0.97389 – 0.97539 – 0.97222 —
0.97554 – 0.97519 —
36.787396740922 – 43.165596504492 —
– —
0.98062 – 1777856400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –