Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.979505 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.98335 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.98679 |
| Next High | 0.98335 |
| Current Price | 0.97643 |
| Next Low | 0.97222 |
| 2nd Low | 0.96835 |
| 3rd Low | 0.95516 |
0.98335 – 0.98679 – 0.97994 – 0.97222 – 0.97453 – 0.97471 —
0.97714 – 0.97904 —
47.217031874356 – 39.090254988449 —
– —
0.98335 – 1777420800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –