AUD/USD – 30M – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance level at 0.64268 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Three Inside Down’ candlestick pattern is discovered. The chart forms ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.64268 – 0.64131 – 0.64174 – 0.63557 – 0.63780 – 0.63758

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Inside Down