AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.64230 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.64935 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65107 |
| 2nd High | 0.65043 |
| Next High | 0.64935 |
| Current Price | 0.64232 |
| Next Low | 0.64230 |
| 2nd Low | 0.64211 |
| 3rd Low | 0.63990 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows