AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.64841 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.65235 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three Line Strike – Bearish’ candle pattern is detected. The chart forms ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65457 |
| 2nd High | 0.65441 |
| Next High | 0.65235 |
| Current Price | 0.65067 |
| Next Low | 0.64841 |
| 2nd Low | 0.64819 |
| 3rd Low | 0.64476 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Line Strike – Bearish