AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.64072 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.64641 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.64174 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.64641 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

0.64322 – 0.64145 – 0.64327 – 0.64072 – 0.63933 – 0.63707

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows