AUD/USD – 1H – SELL

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

A bearish trend down to the next support level at 0.69558 is considered certain.

Caution: A possible change in the direction of resistance at 0.7185 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 0.71359512 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.7185 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.7185 – 0.7047 – 0.70889 – 0.69558 – 0.69765 – 0.69736 —
0.71799 – 0.71683 —
69.415850687515 – 60.414397864858 —
– —
0.7185 – 1773212400

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –