AUD/USD – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

A bearish descent downwards to the next support line at 0.70669 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.70962 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Last Engulfing Bottom:’ candlestick chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.70962 – 0.70856 – 0.70969 – 0.70669 – 0.70535 – 0.70431 —
0.70762 – 0.70733 —
47.134360824721 – 44.109114126501 —
– —
0.70962 – 1771237800

Trading Signals: FOREX – AUD – AUD/USD – USD – Last Engulfing Bottom: – Rising Wedge Chart Pattern – – – – – – – –