AUD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.91323 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.91611 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91821 |
| 2nd High | 0.91747 |
| Next High | 0.91611 |
| Current Price | 0.91185 |
| Next Low | 0.90716 |
| 2nd Low | 0.90384 |
| 3rd Low | 0.90186 |