AUD/USD – 30M – SELL

There is also a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.6958 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.69903 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish 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 signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. this 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 probability of ‘Bearish Engulfing’ heading down is 79%.

0.69903 – 0.70068 – 0.70427 – 0.6958 – 0.6971 – 0.69803 —
0.69760 – 0.69745 —
45.880656891615 – 40.626860985887 —
– —
0.69903 – 1770285600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – Double top chart pattern – – – – – – – –