AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 0.69803 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.70239 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Falling Window’ chart pattern is existing. The chart forms ‘Falling Window’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

0.70239 – 0.70499 – 0.69701 – 0.69803 – 0.69351 – 0.6908 —
0.70188 – 0.70256 —
53.510876531967 – 61.433658865242 —
– —
0.70239 – 1770141600

Trading Signals: FOREX – AUD – AUD/USD – USD – Falling Window – – – – – – – – –