There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 1.36961166 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 1.37139 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. 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 | 1.37879 |
| 2nd High | 1.37378 |
| Next High | 1.37139 |
| Current Price | 1.36973 |
| Next Low | 1.366 |
| 2nd Low | 1.3643 |
| 3rd Low | 1.36308 |
1.37139 – 1.36791 – 1.36719 – 1.366 – 1.36638 – 1.3643 —
1.37122 – 1.37115 —
70.03529232003 – 62.112960273809 —
– —
1.37139 – 1776976200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –