AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A bearish trend downwards to the next support line at is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.62465 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Below The Stomach’ chart pattern is existing. The candles form ‘Below The Stomach’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Below The Stomach’ heading down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62646 |
| 2nd High | 0.62539 |
| Next High | 0.62465 |
| Current Price | 0.61842 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Below The Stomach