The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.
A descending movement down to the next support line at 0.69068 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.69312 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.69312 |
| Current Price | 0.69183 |
| Next Low | 0.69068 |
| 2nd Low | 0.68339 |
| 3rd Low | 0.67953 |
0.69312 – 0.68527 – 0.68439 – 0.69068 – 0.69081 – 0.68339 —
0.69397 – 0.69359 —
60.728431222937 – 55.771999534223 —
– —
0.69312 – 1769387400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –