Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.64416 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.64719 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64864 |
| 2nd High | 1.64848 |
| Next High | 1.64719 |
| Current Price | 1.64445 |
| Next Low | 1.64416 |
| 2nd Low | 1.6433 |
| 3rd Low | 1.64317 |
1.64719 – 1.64848 – 1.64864 – 1.64416 – 1.64538 – 1.64643 —
1.64719 – 1.64590 —
53.414607654099 – 47.910933700583 —
1.64719 – 1783679400 —
– 1783679400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –