AUD/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.71758 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Three Inside Down’ chart pattern is detected. The chart shows ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.71758 – 0.71856 – 0.71824 – 0.71363 – 0.71459 – 0.71298 —
0.71663 – 0.71576 —
52.896939958524 – 51.17085293782 —
0.71363 – 1776913200 —
0.71758 – 1776844800

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