AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support level at 0.65225 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.65787 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. 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 is expected. Target of the current trend is 0.65366 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.65787 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.65787 – 0.65884 – 0.65899 – 0.65366 – 0.65429 – 0.65614 — 37.111207131128 – 34.733868065647 — 45.176302305303 – 32.416820946245 – 52.288158010757 – 43.237589268574

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Double bottom chart pattern – –