AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards

A bearish trend downwards to the next support line at 0.65534 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.65835 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.65656348 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.65835 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.65835 – 0.65525 – 0.65608 – 0.65534 – 0.65225 – 0.65078

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Double bottom retreat down