AUD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.7053 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.71478 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.71478 – 0.71604 – 0.71871 – 0.7111 – 0.71427 – 0.71122 —
0.71349 – 0.70950 —
38.43218161607 – 31.772418014239 —
– —
0.71478 – 1773325800

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –