AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline downwards

A bearish movement down to the next support line at 0.71524 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.71862 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency 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%.

0.71862 – 0.71672 – 0.71899 – 0.71524 – 0.71342 – 0.7168 —
0.71837 – 0.71876 —
60.905484685913 – 61.461667752653 —
– —
0.71862 – 1780398000

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