The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.
A bearish movement downwards to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.64934 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.64934 |
Current Price | 0.64482 |
Next Low | |
2nd Low | |
3rd Low |
0.64934 – 0.64695 – 0.64268 – 0.64339 – 0.64381 – 0.63652
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows