AUD/USD – 30M – SELLMoreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 0.70178 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.70904 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71478 |
| 2nd High | 0.7123 |
| Next High | 0.70904 |
| Current Price | 0.70419 |
| Next Low | 0.70178 |
| 2nd Low | 0.69792 |
| 3rd Low | 0.69558 |
0.70904 – 0.7123 – 0.71178 – 0.70178 – 0.70451 – 0.7096 —
0.70351 – 0.70442 —
32.092155227934 – 44.821516464472 —
– —
0.70904 – 1773867600
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –