And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.963095 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.96955 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.96955 |
| Current Price | 0.96619 |
| Next Low | 0.96586 |
| 2nd Low | 0.95994 |
| 3rd Low | 0.95664 |
0.96955 – 0.9682 – 0.96376 – 0.96586 – 0.95994 – 0.95664 —
0.96936 – 0.96738 —
58.645447016371 – 52.978801942955 —
– —
0.96955 – 1770867000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – – – – – – – –