AUD/USD – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A bearish descent down to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.66486 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.661155 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.66486 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.66486 – 0.66485 – 0.66236 – 0.66259 – 0.6605 – 0.6603 —
0.66385 – 0.66407 —
44.179466064533 – 52.524896755881 —
– —
0.66486 – 1765180800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –