AUD/USD – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 0.67166 will persist.
Caution: A possible change in the direction of resistance at 0.67661 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67661 |
| Current Price | 0.67266 |
| Next Low | 0.67166 |
| 2nd Low | 0.66627 |
| 3rd Low | 0.66592 |
0.67661 – 0.67389 – 0.67187 – 0.67166 – 0.66627 – 0.66592 —
0.67510 – 0.67458 —
53.715007990809 – 55.133059448287 —
– —
0.67661 – 1767765600
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –