Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 0.97497 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.97497 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.97497 |
| Current Price | 0.97347 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.97497 – 0.97313 – 0.96864 – 0.97241 – 0.96932 – 0.96636 —
0.97481 – 0.97279 —
64.534404592814 – 39.165907234556 —
– —
0.97497 – 1772074800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom chart pattern – – – – – – – –