The pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards
A descent down to the next support level at 0.66627 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.67389 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Then a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. this 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67389 |
| Current Price | 0.67341 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.65998 |
0.67389 – 0.67187 – 0.67067 – 0.66627 – 0.66592 – 0.66875 —
0.67316 – 0.67392 —
62.640222862636 – 67.126628177007 —
– —
0.67389 – 1767686400
Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – – – – – – – – –