AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.66668 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.67093 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Northern Doji’ candlestick pattern is detected. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.67093 – 0.6702 – 0.6727 – 0.66668 – 0.66726 – 0.66631 —
0.67018 – 0.67050 —
54.793639236421 – 59.651851283998 —
– —
0.67093 – 1768500000

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