AUD/USD – 30M – SELL

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

A bearish trend down to the next support level at 0.70665 is certain.

Caution: A possible change in the direction of the resistance level at 0.7112 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.7112 – 0.71237 – 0.71361 – 0.70958 – 0.70665 – 0.71135 —
0.71210 – 0.71264 —
61.781707888007 – 58.319811700531 —
– —
0.7112 – 1772145000

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