AUD/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 0.69803 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.70361 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. this 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 success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.70361 – 0.70239 – 0.70499 – 0.69803 – 0.69351 – 0.6908 —
0.70248 – 0.70332 —
51.368276996867 – 59.225998968823 —
– —
0.70361 – 1770174000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –