Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 107.687 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 108.712 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.48 |
| 2nd High | 108.785 |
| Next High | 108.712 |
| Current Price | 107.92000 |
| Next Low | 107.687 |
| 2nd Low | 106.853 |
| 3rd Low | 106.519 |
108.712 – 108.785 – 109.48 – 107.687 – 108.06 – 108.128 —
108.35800 – 108.25200 —
45.037522393872 – 47.455995329134 —
– —
108.712 – 1770980400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –