Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.694285 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.70208 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Harami’ candle chart pattern is discovered. The chart forms ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.72002 |
| 2nd High | 0.7088 |
| Next High | 0.70208 |
| Current Price | 0.69815 |
| Next Low | 0.69123 |
| 2nd Low | 0.69061 |
| 3rd Low | 0.68649 |
0.70208 – 0.69693 – 0.69597 – 0.69123 – 0.69061 – 0.68649 —
0.70009 – 0.69774 —
65.648062785278 – 46.62407835875 —
– —
0.70208 – 1784145600
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami – – – – – – – – –