AUD/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.71353 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.7217 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ” indicator layout is discovered. The indicator is ”. this is usually a bearish signal. The currency pair could go down.

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

Moreover a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.7217 – 0.722 – 0.72274 – 0.71353 – 0.7153 – 0.71677 —
0.71740 – 0.71939 —
59.948705364384 – 68.754973301238 —
– —
0.7217 – 1777876200

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