AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards

A bearish trend down to the next support line at 0.70155 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.70623 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish 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 Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.70623 – 0.70919 – 0.71478 – 0.70155 – 0.7071 – 0.70718 —
0.70574 – 0.70123 —
42.770392118 – 31.387798488609 —
– —
0.70623 – 1773415800

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