The combination Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.6958 is considered certain.
Caution: A possible change in the direction of resistance at 0.69903 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochRSI Bearish Divergence’ indicator signal is found. The indicator is ‘StochRSI Bearish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar wird voraussichtlich nach unten gehen.
Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Then a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70427 |
| 2nd High | 0.70068 |
| Next High | 0.69903 |
| Current Price | 0.69695 |
| Next Low | 0.6958 |
| 2nd Low | 0.69351 |
| 3rd Low | 0.6908 |
0.69903 – 0.70068 – 0.70427 – 0.6958 – 0.6971 – 0.69803 —
0.69903 – 0.69828 —
50.583294687814 – 49.978992111382 —
0.69903 – 1770285600 —
– 1770285600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –