Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 113.027 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 113.874 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.909 |
| 2nd High | 114.247 |
| Next High | 113.874 |
| Current Price | 113.41300 |
| Next Low | 113.269 |
| 2nd Low | 112.278 |
| 3rd Low | 112.226 |
113.874 – 113.682 – 112.644 – 113.269 – 112.278 – 112.226 —
113.39000 – 113.43700 —
35.451204678631 – 52.991802115251 —
– —
113.874 – 1784221200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – – – – – – – – –