AUD/USD – 4H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
A descent down to the next support at 0.66627 will continue.
Caution: A possible change in the direction of the resistance level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.67275 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.65921 |
0.66609 – 0.66854 – 0.65798 – 0.66627 – 0.66592 – 0.66826 —
0.67389 – 0.67409 —
59.877866589335 – 62.682415413818 —
– —
0.66609 – 1765886400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –