AUD/USD – 1H – SELLThere is also a ‘Double bottom retreat down’ chart pattern is existing. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.
The pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
A descent downwards to the next support level at will persist.
Caution: A possible change in the direction of the resistance level at 0.6504 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
There is also a ‘Collapsing Doji Star’ candle chart pattern is existing. The candles form ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65239 |
| 2nd High | 0.65047 |
| Next High | 0.6504 |
| Current Price | 0.64867 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.6504 – 0.65047 – 0.65007 – 0.64621 – 0.64696 – 0.64713 — 29.548285819097 – 22.263052213379 — 20.095166800038 – 13.278608121015 – 18.813369243169 – 18.37281407482
Trading Signals: FOREX – AUD – AUD/USD – USD – Collapsing Doji Star – Double bottom retreat down – –