Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.705875 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.70798 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70898 |
| 2nd High | 0.70806 |
| Next High | 0.70798 |
| Current Price | 0.70570 |
| Next Low | 0.70345 |
| 2nd Low | 0.70277 |
| 3rd Low | 0.70132 |
0.70798 – 0.70806 – 0.70898 – 0.70345 – 0.7063 – 0.70277 —
0.70603 – 0.70384 —
42.366253111323 – 35.496388536481 —
– —
0.70798 – 1771495200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –