AUD/USD – 1H – SELL

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

A bearish trend downwards to the next support line at 0.66627 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.67389 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.67389 – 0.67187 – 0.67067 – 0.66627 – 0.66592 – 0.66875 —
0.67354 – 0.67399 —
64.723981536574 – 66.430872040315 —
– —
0.67389 – 1767686400

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