AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A bearish trend downwards to the next support at 0.69766 will persist.
Caution: A possible change in the direction of the resistance level at could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.70600 |
| Next Low | 0.69766 |
| 2nd Low | 0.6901 |
| 3rd Low | 0.68339 |
0.70221 – 0.69404 – 0.69312 – 0.69766 – 0.6901 – 0.69068 —
0.70492 – 0.70881 —
69.303349447824 – 72.875485373392 —
– —
0.70221 – 1769565600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –