AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.62147 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.62493 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Evening Star’ chart pattern is discovered. The chart shows ‘Evening Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63269 |
| 2nd High | 0.62650 |
| Next High | 0.62493 |
| Current Price | 0.62313 |
| Next Low | 0.62147 |
| 2nd Low | 0.61987 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Evening Star