The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards
The bearish trend down to the next support at 0.7183 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.72274 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72274 |
| Current Price | 0.71995 |
| Next Low | 0.7183 |
| 2nd Low | 0.71095 |
| 3rd Low | 0.71012 |
0.72274 – 0.72048 – 0.71324 – 0.7183 – 0.71095 – 0.71012 —
0.72207 – 0.72087 —
60.285162552544 – 49.607714539895 —
– —
0.72274 – 1777654800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –