AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.64193 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.64553 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Evening Star’ candle pattern is existing. The candles show ‘Evening Star’. 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 success rate of a ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65043 |
| 2nd High | 0.64935 |
| Next High | 0.64553 |
| Current Price | 0.64157 |
| Next Low | 0.64193 |
| 2nd Low | 0.63990 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Evening Star