AUD/USD – 1H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.

A bearish trend downwards to the next support at 0.70715 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.71443 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.71443 – 0.71467 – 0.71277 – 0.71046 – 0.70715 – 0.70637 —
0.71332 – 0.70922 —
54.868149286061 – 39.546753987647 —
– —
0.71443 – 1770912000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –