Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.6877 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.6904 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair could go down.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6927 |
| 2nd High | 0.69168 |
| Next High | 0.6904 |
| Current Price | 0.68679 |
| Next Low | 0.6877 |
| 2nd Low | 0.6875 |
| 3rd Low | 0.68594 |
0.6904 – 0.69168 – 0.6927 – 0.6877 – 0.68804 – 0.6875 —
0.68889 – 0.68816 —
45.8812907833 – 34.710248765185 —
– —
0.6904 – 1782727200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –