AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.64582 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.64924 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is found. The chart shows ‘Last Engulfing Top’. 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 probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65798 |
| 2nd High | 0.65179 |
| Next High | 0.64924 |
| Current Price | 0.64589 |
| Next Low | 0.64582 |
| 2nd Low | 0.644 |
| 3rd Low | 0.64147 |
0.64924 – 0.65179 – 0.65798 – 0.6476 – 0.64821 – 0.64645 —
0.64924 – 0.64645 —
52.364355748471 – 34.945269001012 —
0.64924 – 1763569800 —
– 1763569800
Trading Signals: FOREX – AUD – AUD/USD – USD – Last Engulfing Top – – – – –