AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline downwards
A descent down to the next support at 0.64476 is likely expected.
Caution: A possible change in the direction of resistance at 0.65110 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.64943384 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.65110 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative 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 | 0.65110 |
| Current Price | 0.65045 |
| Next Low | 0.64476 |
| 2nd Low | 0.64426 |
| 3rd Low | 0.64404 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows