And also a ‘MACD Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. 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 is considered certain. Current target is 0.704125 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.70623 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70778 |
| 2nd High | 0.70701 |
| Next High | 0.70623 |
| Current Price | 0.70236 |
| Next Low | 0.70047 |
| 2nd Low | 0.69869 |
| 3rd Low | 0.6898 |
0.70623 – 0.70701 – 0.70778 – 0.70047 – 0.70339 – 0.70341 —
0.70319 – 0.70305 —
38.001746401783 – 32.611384043219 —
– —
0.70623 – 1781020800
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –