AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A bearish trend down to the next support at 0.62184 is certain.
Caution: A possible change in the direction of the resistance zone at 0.62646 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Meeting Lines’ candlestick chart pattern is existing. The candles show ‘Bearish Meeting Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Meeting Lines’ going down is 51% (Bull Market) & 53% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63269 |
| 2nd High | 0.62742 |
| Next High | 0.62646 |
| Current Price | 0.62444 |
| Next Low | 0.62184 |
| 2nd Low | 0.62147 |
| 3rd Low | 0.61987 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Meeting Lines