AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.
The bearish trend downwards to the next support line at is considered certain.
Caution: A possible change in the direction of the resistance level at 0.65457 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.648 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.65457 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65815 |
| 2nd High | 0.65569 |
| Next High | 0.65457 |
| Current Price | 0.64724 |
| Next Low | |
| 2nd Low | |
| 3rd Low |