Next a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.96796852 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.96694 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97594 |
| 2nd High | 0.97102 |
| Next High | 0.96694 |
| Current Price | 0.96526 |
| Next Low | 0.96046 |
| 2nd Low | 0.95809 |
| 3rd Low |
0.96204 – 0.96694 – 0.96598 – 0.96046 – 0.95809 – 0.95856 —
0.96185 – 0.96511 —
48.21035222248 – 64.645493524629 —
0.96046 – 1773658800 —
0.96204 – 1773631800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –