AUD/USD – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.
A bearish movement down to the next support line at 0.69068 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.69404 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Two Crows’ chart pattern is found. The chart shows ‘Two 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.69404 |
| Current Price | 0.69113 |
| Next Low | 0.69068 |
| 2nd Low | 0.68339 |
| 3rd Low | 0.67271 |
0.69404 – 0.69312 – 0.67468 – 0.69068 – 0.68339 – 0.67271 —
0.69307 – 0.69281 —
55.651041727568 – 57.222337810155 —
– —
0.69404 – 1769454000
Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –