AUD/USD – 30M – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The combination Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 0.70313 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.70529 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.70529 – 0.70548 – 0.70116 – 0.70313 – 0.70207 – 0.69786 —
0.70530 – 0.70501 —
55.63597766654 – 56.012388476452 —
– —
0.70529 – 1781265600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –