The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A bearish trend downwards to the next support at 0.63679 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.63939 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.64081 |
Next High | 0.63939 |
Current Price | 0.64194 |
Next Low | 0.63679 |
2nd Low | 0.63669 |
3rd Low | 0.63330 |
0.63939 – 0.63763 – 0.63911 – 0.63679 – 0.63669 – 0.63330
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows