AUD/USD – 1H – SELL

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

A continuation of the downward movement down to the next support level at 0.70277 is likely expected.

Caution: A possible change in the direction of resistance at 0.70962 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.7055784 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.70962 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.70962 – 0.71443 – 0.71467 – 0.70277 – 0.70459 – 0.70431 —
0.70477 – 0.70854 —
35.11347368741 – 60.156332527855 —
0.70277 – 1771347600 —
0.70962 – 1771236000

Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – – – – – – – – –