AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline down.

A continuation of the downtrend down to the next support line at 0.64836 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.65455 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.64836 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.65455 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

0.65455 – 0.65313 – 0.65327 – 0.64836 – 0.64955 – 0.65002

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