AUD/USD – 30M – SELL

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish 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 0.69780436 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.70470 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.70470 – 0.70705 – 0.70889 – 0.69736 – 0.70109 – 0.69843 —
0.70470 – 0.70122 —
60.6881568582 – 42.630494583999 —
0.70470 – 1772787600 —
– 1772787600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Belt Hold – – – – – – – – –