AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 0.71353 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.72274 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72274 |
| Current Price | 0.72335 |
| Next Low | 0.71353 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.70769 |
0.72274 – 0.72048 – 0.71893 – 0.71353 – 0.7183 – 0.71012 —
0.72491 – 0.72406 —
81.121536198538 – 56.48912254813 —
– —
0.72274 – 1777654800
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Belt Hold – – – – – – – – –