And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.70988156 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.71364 |
| Next Low | 0.69558 |
| 2nd Low | 0.69438 |
| 3rd Low | 0.68966 |
0.71361 – 0.71116 – 0.71467 – 0.69558 – 0.69438 – 0.70261 —
0.71538 – 0.71564 —
66.765063178568 – 61.202527333932 —
– —
0.71361 – 1772064000
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –