AUD/USD – 1H – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.68594 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.69178 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.69178 – 0.69631 – 0.68744 – 0.68594 – 0.68348 – 0.68329 —
0.69171 – 0.69127 —
54.981030422319 – 55.249934597305 —
– —
0.69178 – 1775152800

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –