AUD/USD – 4H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish trend down to the next support at 0.70431 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.71467 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.71467 – 0.70499 – 0.70937 – 0.70431 – 0.68966 – 0.6908 —
0.70891 – 0.70730 —
52.337417761367 – 48.274383329736 —
– —
0.71467 – 1770868800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –