AUD/USD – 30M – SELL

Next a ‘Inverse Head and Shoulder chart pattern’ chart formation is detected. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a positive chart scenario. The pair is likely to go up.

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline downwards

A descent downwards to the next support level at 0.70958 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.71317 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.71317 – 0.7112 – 0.71237 – 0.70958 – 0.70665 – 0.71135 —
0.71307 – 0.71188 —
62.373899659577 – 51.067535361711 —
– —
0.71317 – 1772175600

Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – Inverse Head and Shoulder chart pattern – – – – – – – –