AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 0.64819 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.65441 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65569 |
| 2nd High | 0.65457 |
| Next High | 0.65441 |
| Current Price | 0.65201 |
| Next Low | 0.64819 |
| 2nd Low | 0.64476 |
| 3rd Low | 0.64426 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows