AUD/USD – 30M – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 0.70639 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.70869 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ candlestick pattern is detected. The chart shows ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.70869 – 0.7088 – 0.70529 – 0.70639 – 0.70373 – 0.70313 —
0.70767 – 0.70787 —
53.50871222738 – 53.157684851411 —
– —
0.70869 – 1781510400

Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –