AUD/USD – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A descending movement downwards to the next support level at 0.6958 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.70427 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.70427 – 0.70499 – 0.69701 – 0.6958 – 0.69803 – 0.69351 —
0.69847 – 0.69745 —
46.02914258166 – 40.790510214949 —
– —
0.70427 – 1770199200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –