AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 0.68594 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.69178 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. 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’ heading down is 79%.

0.69178 – 0.69631 – 0.68744 – 0.68594 – 0.68348 – 0.68329 —
0.69088 – 0.69085 —
52.154396319572 – 51.238995154816 —
– —
0.69178 – 1775152800

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