The pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.64685 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.
Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65179 |
| 2nd High | 0.65023 |
| Next High | 0.64685 |
| Current Price | 0.64468 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.64685 – 0.65023 – 0.65179 – 0.64208 – 0.64358 – 0.64507 —
0.64586 – 0.64689 —
42.799295756387 – 53.897575169758 —
– —
0.64685 – 1764039600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –