AUD/USD – 30M – SELL

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

A bearish trend down to the next support level at 0.71122 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.7185 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Tweezers Top’ candle chart pattern is found. The candles show ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.7185 – 0.7168 – 0.70817 – 0.71122 – 0.7053 – 0.69813 —
0.71642 – 0.71871 —
55.831827807048 – 58.324430319164 —
– —
0.7185 – 1773214200

Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –