AUD/USD – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards

A bearish descent downwards to the next support level at 0.7183 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.72048 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.72048 – 0.71893 – 0.71995 – 0.7183 – 0.71012 – 0.71505 —
0.71997 – 0.72107 —
60.846187730375 – 62.928106819374 —
– —
0.72048 – 1777611600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –