Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 0.98679 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.98679 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98679 |
| Current Price | 0.98775 |
| Next Low | 0.9722 |
| 2nd Low | 0.96835 |
| 3rd Low | 0.95516 |
0.98062 – 0.98335 – 0.98679 – 0.9722 – 0.97222 – 0.97453 —
0.98706 – 0.98613 —
68.597386514377 – 59.320063633087 —
– —
0.98062 – 1777852800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –