AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.70155 is considered certain.

Caution: A possible change in the direction of resistance at 0.70919 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.70919 – 0.71478 – 0.71604 – 0.70155 – 0.7071 – 0.70718 —
0.70481 – 0.70504 —
37.974828089989 – 44.782906531373 —
– —
0.70919 – 1773374400

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –