And also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.66486 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.66486 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66758 |
| 2nd High | 0.66596 |
| Next High | 0.66486 |
| Current Price | 0.66244 |
| Next Low | 0.6552 |
| 2nd Low | 0.65358 |
| 3rd Low | 0.65199 |
0.66486 – 0.66485 – 0.66236 – 0.66259 – 0.6552 – 0.65358 —
0.66363 – 0.66290 —
47.626262280402 – 40.379753637635 —
– —
0.66486 – 1765180800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –