AUD/USD – 30M – BUY

The combination Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 0.63669 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.63939 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.635795 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.63939 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

0.63939 – 0.63763 – 0.63911 – 0.63669 – 0.63330 – 0.63570

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low