AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A descent down to the next support level at 0.67166 is considered certain.
Caution: A possible change in the direction of resistance at 0.67661 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Next a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67661 |
| Current Price | 0.67271 |
| Next Low | 0.67166 |
| 2nd Low | 0.67114 |
| 3rd Low | 0.67027 |
0.67661 – 0.67415 – 0.67389 – 0.67166 – 0.67114 – 0.67027 —
0.67409 – 0.67458 —
47.659540398851 – 52.840204163655 —
– —
0.67661 – 1767765600
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Double bottom chart pattern – – – – – – – –