Moreover 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 signal. The currency pair could go up.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.70492652 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.70793 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Harami’ candlestick pattern is discovered. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71433 |
| 2nd High | 0.7088 |
| Next High | 0.70793 |
| Current Price | 0.70606 |
| Next Low | 0.70417 |
| 2nd Low | 0.70373 |
| 3rd Low | 0.70313 |
0.70793 – 0.70783 – 0.7088 – 0.70629 – 0.70417 – 0.70639 —
0.70698 – 0.70631 —
50.381423897451 – 37.904917729521 —
– —
0.70793 – 1781636400
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami – – – – – – – – –