Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.925665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93223 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93445 |
| Next High | 0.93223 |
| Current Price | 0.93014 |
| Next Low | 0.92573 |
| 2nd Low | 0.91688 |
| 3rd Low | 0.91336 |
0.92925 – 0.93223 – 0.93445 – 0.92573 – 0.92653 – 0.92858 —
0.92890 – 0.93117 —
55.462003803515 – 65.768834962308 —
– —
0.92925 – 1767920400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Inverse Head and Shoulder chart pattern – – – – – – – –