Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.70324 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.7037 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70701 |
| 2nd High | 0.70623 |
| Next High | 0.7037 |
| Current Price | 0.70094 |
| Next Low | 0.6987 |
| 2nd Low | 0.69869 |
| 3rd Low | 0.6898 |
0.7037 – 0.70623 – 0.70701 – 0.6987 – 0.69976 – 0.70047 —
0.70006 – 0.70034 —
41.379546535567 – 48.286281210135 —
– —
0.7037 – 1781109000
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –