In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.71871 |
| Current Price | 0.70706 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.71871 – 0.71361 – 0.71116 – 0.69558 – 0.69438 – 0.70261 —
0.71871 – 0.70964 —
61.372685429868 – 45.370736137117 —
0.71871 – 1773244800 —
– 1773244800
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –