AUD/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.70371 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Southern Doji’ chart pattern is existing. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.70371 – 0.70412 – 0.70751 – 0.69888 – 0.70071 – 0.70006 —
0.70192 – 0.70218 —
55.298295435727 – 51.753285152771 —
– —
0.70371 – 1781803800

Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – – – – – – – – –