Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 0.98334676 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.98576 |
| Next Low | 0.9722 |
| 2nd Low | 0.96835 |
| 3rd Low | 0.95516 |
0.98062 – 0.98335 – 0.98679 – 0.9722 – 0.97222 – 0.97453 —
0.98678 – 0.98933 —
70.00166648333 – 71.611535456718 —
– —
0.98062 – 1777852800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –