AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A descent down to the next support level at 0.64882 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.65038 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65091 |
| 2nd High | 0.65051 |
| Next High | 0.65038 |
| Current Price | 0.65145 |
| Next Low | 0.64882 |
| 2nd Low | 0.64769 |
| 3rd Low | 0.64474 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows