Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.70499 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.70937 |
| Next High | 0.70499 |
| Current Price | 0.69155 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.70499 – 0.70937 – 0.67093 – 0.6908 – 0.66675 – 0.66668 —
0.70355 – 0.69819 —
61.094244144036 – 45.539638848212 —
– —
0.70499 – 1770105600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –