Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.96194572 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.96607 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.96979 |
| Next High | 0.96607 |
| Current Price | 0.96446 |
| Next Low | 0.96056 |
| 2nd Low | 0.95981 |
| 3rd Low | 0.95664 |
0.96607 – 0.96979 – 0.96955 – 0.96056 – 0.95981 – 0.96388 —
0.96449 – 0.96509 —
57.663782709456 – 60.492613375268 —
– —
0.96607 – 1770953400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –