In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.980935 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.98967 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98967 |
| Current Price | 0.98488 |
| Next Low | 0.98321 |
| 2nd Low | 0.9771 |
| 3rd Low | 0.9722 |
0.98967 – 0.98713 – 0.98859 – 0.98321 – 0.9771 – 0.9722 —
0.98942 – 0.98654 —
63.236344459725 – 37.56556200884 —
– —
0.98967 – 1778148000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –