AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline downwards
A bearish descent down to the next support at 0.64095 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.64493 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern 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’ going down is 82%.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.64493 |
| Current Price | 0.64152 |
| Next Low | 0.64095 |
| 2nd Low | 0.63675 |
| 3rd Low | 0.63434 |
0.64493 – 0.64347 – 0.64057 – 0.64095 – 0.63675 – 0.63743
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows