Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.71892 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.72638 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.72772 |
| Next High | 0.72638 |
| Current Price | 0.72296 |
| Next Low | 0.72237 |
| 2nd Low | 0.71353 |
| 3rd Low | 0.71012 |
0.72638 – 0.72772 – 0.72274 – 0.72237 – 0.71353 – 0.7183 —
0.72617 – 0.72424 —
66.786933270131 – 46.084999800746 —
– —
0.72638 – 1778151600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –