In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 113.3135 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 113.322 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.542 |
| 2nd High | 114.438 |
| Next High | 113.322 |
| Current Price | 112.95800 |
| Next Low | 112.189 |
| 2nd Low | 111.933 |
| 3rd Low | 111.315 |
113.322 – 113.208 – 113.237 – 113.296 – 112.189 – 112.288 —
113.66600 – 114.25100 —
72.428447977153 – 75.093807215899 —
– —
113.322 – 1777874400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –