Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.36716604 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.37223 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37413 |
| 2nd High | 1.37225 |
| Next High | 1.37223 |
| Current Price | 1.36893 |
| Next Low | 1.368 |
| 2nd Low | 1.36799 |
| 3rd Low | 1.36527 |
1.37223 – 1.36904 – 1.37225 – 1.368 – 1.36799 – 1.36527 —
1.37133 – 1.36991 —
55.086685733387 – 50.42164207681 —
– —
1.37223 – 1773770400
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –