AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.62241 is certain.
Caution: A possible change in the direction of resistance at 0.62483 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Evening Star’ candle pattern is detected. The chart forms ‘Evening Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62646 |
| 2nd High | 0.62522 |
| Next High | 0.62483 |
| Current Price | 0.62330 |
| Next Low | 0.62241 |
| 2nd Low | 0.62184 |
| 3rd Low | 0.62147 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Evening Star