AUD/USD – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.69765 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.7047 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.7047 – 0.70889 – 0.71223 – 0.69765 – 0.69736 – 0.69843 —
0.69958 – 0.70293 —
40.018014488259 – 53.503797238211 —
0.69765 – 1772812800 —
0.7047 – 1772787600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –