AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.66747 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.67164 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘StochOSC Hidden Bearish Divergence’ indicator layout is found. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.669255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.67164 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.67164 – 0.6722 – 0.67062 – 0.67062 – 0.67027 – 0.66747 —
0.67021 – 0.67141 —
31.814975583668 – 60.13369964061 —
– —
0.67164 – 1768276800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Inverse Head and Shoulder chart pattern – – – – – – – –