AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 0.7053 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.71478 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.71478 – 0.71604 – 0.71871 – 0.7071 – 0.70718 – 0.7111 —
0.70844 – 0.70719 —
43.091976106252 – 35.342279767761 —
– —
0.71478 – 1773325800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –