AUD/USD – 1H – BUY

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.707145 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.71871 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.71871 – 0.7185 – 0.7047 – 0.69558 – 0.69765 – 0.69736 —
0.71564 – 0.71370 —
52.434295996542 – 47.146324538477 —
– —
0.71871 – 1773248400

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –