Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.69673 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.70007 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70208 |
| 2nd High | 0.70121 |
| Next High | 0.70007 |
| Current Price | 0.69785 |
| Next Low | 0.69771 |
| 2nd Low | 0.69673 |
| 3rd Low | 0.69123 |
0.70007 – 0.70121 – 0.70208 – 0.69896 – 0.69858 – 0.69771 —
0.69985 – 0.69824 —
51.545598621243 – 35.109445859338 —
– —
0.70007 – 1784257200
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –