AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.
A bearish trend down to the next support line at 0.63794 is certain.
Caution: A possible change in the direction of the resistance zone at 0.64935 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65107 |
| 2nd High | 0.65043 |
| Next High | 0.64935 |
| Current Price | 0.64438 |
| Next Low | 0.63794 |
| 2nd Low | 0.63724 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows