AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 0.6903 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.69146 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

There is also a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bearish Belt Hold’. which 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).

0.69146 – 0.69156 – 0.69178 – 0.6903 – 0.68888 – 0.68594 —
0.69088 – 0.69084 —
50.788369821906 – 51.235259862115 —
– —
0.69146 – 1775212200

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