AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 0.70207 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.70529 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.

0.70529 – 0.70548 – 0.70116 – 0.70207 – 0.69786 – 0.6987 —
0.70462 – 0.70514 —
56.766030424982 – 55.489897473435 —
– —
0.70529 – 1781265600

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