AUD/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 0.64417 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.6467 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.64439 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.6467 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.6467 – 0.64656 – 0.64603 – 0.64417 – 0.64486 – 0.64208 —
0.64571 – 0.64560 —
36.793499409969 – 51.002511107309 —
0.64417 – 1763982000 —
0.64670 – 1763971200

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –