Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline down.
A descent downwards to the next support line at is certain.
Caution: A possible trend reversal in the direction of resistance at 0.67458 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
Next a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67661 |
| Next High | 0.67458 |
| Current Price | 0.67206 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.67458 – 0.67661 – 0.67415 – 0.67166 – 0.67114 – 0.67027 —
0.67278 – 0.67293 —
33.899820822423 – 42.008617823934 —
– —
0.67458 – 1767803400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –