AUD/USD – 1H – SELL

There is also a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.69414884 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.70427 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.70427 – 0.70499 – 0.69701 – 0.6958 – 0.69803 – 0.69351 —
0.69785 – 0.69807 —
42.078036401195 – 41.122656280003 —
– —
0.70427 – 1770199200

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