AUD/USD – 1H – SELL

The 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 at is certain.

Caution: A possible change in the direction of the resistance zone at 0.6702 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.66781804 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.6702 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative 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 ‘Three Black Crows’ going down is 82%.

0.6702 – 0.6727 – 0.6722 – 0.66668 – 0.66726 – 0.66631 —
0.66759 – 0.66995 —
40.413300382626 – 61.855554194424 —
– —
0.67020 – 1768381200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –