AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A bearish trend downwards to the next support at is certain.
Caution: A possible change in the direction of the resistance level at 0.66193 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.66193 |
| Current Price | 0.66085 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.66193 – 0.65983 – 0.65883 – 0.65805 – 0.65234 – 0.65053 — 47.540230344081 – 47.074462374764 — 62.30252764613 – 68.821432110761 – 60.734816931206 – 66.685540561407
Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – Symmetrical Triangle Chart Pattern – –