AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.63447 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.63824 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 0.64291 |
| 2nd High | 0.63833 |
| Next High | 0.63824 |
| Current Price | 0.63553 |
| Next Low | 0.63447 |
| 2nd Low | 0.63363 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows