AUD/USD – 1H – SELL

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.69414884 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.70427 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.70427 – 0.70499 – 0.69701 – 0.69803 – 0.69351 – 0.6908 —
0.70064 – 0.69850 —
48.787133221219 – 41.437313860064 —
– —
0.70427 – 1770199200

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Belt Hold – – – – – – – – –