AUD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.71418 will continue.

Caution: A possible change in the direction of the resistance zone at 0.7165 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.7165 – 0.72215 – 0.71778 – 0.71418 – 0.71143 – 0.71518 —
0.71580 – 0.71583 —
44.953759759347 – 53.106850668482 —
– —
0.7165 – 1776679200

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –