AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.
A descending movement downwards to the next support at 0.67166 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.67415 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a negative 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’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67415 |
| Current Price | 0.67428 |
| Next Low | 0.67166 |
| 2nd Low | 0.67114 |
| 3rd Low | 0.67027 |
0.67415 – 0.67389 – 0.67187 – 0.67166 – 0.67114 – 0.67027 —
0.67479 – 0.67557 —
68.35960777876 – 65.311313793691 —
– —
0.67415 – 1767738600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –